Soros Returns To Trading With “Big, Bearish” Bets On Economic Turmoil

• Soros Returns To Trading With “Big, Bearish” Bets On Economic Turmoil
  by Tyler Durden, www.zerohedge.com 
  One month ago, we were stunned to report that none other than billionaire Carl Icahn had taken the net exposure of his hedge fund, Icahn Enterprises, from a modest net 25% short – his recent negative bias on the market was hardly a secret – to a practically apocalyptic, 149% net short which is about as close to betting on a market crash as one could get.  (chart top of post)
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  Then last month, billionaire trader Stanley Druckenmiller warned that “the bull market is exhausting itself” and in a presentation titled “The Endgame“, he explained why he too is dumping equities and buying gold. It turns out Icahn and Druck weren’t the only iconic traders betting on a market crash.
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  In a stunning one-two revelation, the WSJ reports that after a nearly decade-long hiatus, not only has George Soros returned to trading, “lured by opportunities to profit from what he sees as coming economic troubles”, but that he has personally directed “a series of big, bearish investments”, meant to profit from the coming economic turmoil .
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  The last time Soros became closely involved in his firm’s trading: 2007, “when he became worried about housing and placed bearish wagers.” Over the next two years the bets netted more than $1 billion of gains.
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  read more.

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