Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG), Pioneer Natural Resources (NYSE:PXD)
Friends of Democracy, the super PAC founded by the son of George Soros that wants to spend millions of dollars to take money out of politics, raked in about $1.8 million in the first half of this year, according to a filing with the Federal Election Commission Friday. That haul includes six-figure donations from Sean Parker, a legendary tech entrepreneur who served as Facebook Inc (NASDAQ:FB)‘s first president, and Google Inc (NASDAQ:GOOG) software engineer Matt Cutts. Friends of Democracy was founded about a year ago by Jonathan Soros, the son of the liberal financier who contributed more than $23 million to outside groups to defeat President George W. Bush in 2004.
Gold will fall to $900 an ounce, says Jim Rogers (MoneyWeek)
American commodities guru Jim Rogers is on something of a roll. The 70-year old retired hedge fund manager, who co-founded the Quantum Fund with George Soros, has made a series of accurate market predictions, which have increased his standing with investors. So anyone holding gold might be worried to hear that Rogers thinks the yellow metal, which is already in a bear market, is set to fall another 25%. However, don’t panic: Rogers isn’t selling – he thinks gold’s best days still lie ahead of it.
Stanley Druckenmiller’s cheap stock picks (MarketWatch)
In May, billionaire Stanley Druckenmiller—the former head of Duquesne Capital and portfolio manager for George Soros—filed his 13F with the SEC, disclosing many of his long equity positions as of the end of March. While the information in 13Fs is a bit old by the time these filings are released, we’ve found that the most popular small cap stocks among hedge funds outperform the S&P 500 by an average of 18 percentage points per year and think that more strategies are possible as well.
George Soros Funded ProPublica Ties To IRS Attacks On Tea Party And Patriot Groups (TheGlobalDispatch)
A George Soros supported journalism group ProPublica says the Internal Revenue Service (IRS) office that targeted and harassed conservative tax-exempt groups during the 2012 election cycle gave the progressive group nine confidential applications of conservative groups whose tax-exempt status was pending. …“ProPublica, which recently won its second Pulitzer Prize, initially was given millions of dollars from the Sandler Foundation to “strengthen the progressive infrastructure”–“progressive” being the code word for very liberal,” says Media Research Center Vice President for Business and Culture Dan Gainor.
Pioneer Natural Resources (PXD), Shutterfly, Inc. (SFLY) & More: How To Invest Like George Soros (InsiderMonkey)
Billionaire investor. Philanthropist. Political provocateur. His legendary investing acumen, vast net worth and political activism have made George Soros a feared and respected power broker worldwide. Soros is driven by an investment philosophy built upon the scientific method combined with a focus on societal change. …Soros’ next top-performing U.S. holding is Pioneer Natural Resources (NYSE:PXD), a nearly $20 billion market cap independent oil and gas explorer. His holdings were up nearly 18% in the first quarter. Along with the gains, Soros added over 234,000 shares in the first quarter, bringing his total position in the company to over 2 million shares.
