HS Group Ltd (HSG) will invest an undisclosed amount in Pleiad Investment Advisors, a new hedge fund in Hong Kong formed by former Soros Fund Management executives Kenneth Lee and Michael Yoshino, which will be launched in the third quarter of 2014.
Soros Fund Management
Breaking News
The single largest stock holding of Soros Fund Management in the fourth quarter is Israeli drugmaker Teva Pharmaceutical Industries Ltd, Reuters reported citing a February 14 filing with the US Securities and Exchange Commission.
Soros Fund Management sold the stake it held in retailer JC Penney, liquidating 19.98 million shares, in the final quarter of last year, Reuters reported citing a regulatory filing.
George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.
Billionaire investor George Soros has received regulatory approval to enter the Brazilian telecom fray.
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