NEW YORK (Reuters) - Billionaire investor George Soros, who has been warning that the 2008 financial crisis could be repeated due to China's economic slowdown, on Monday disclosed his doubled wager against the S&P 500 in the first quarter.
Soros Fund Management said it owned a 2.1-million-share "put" option in the SPDR S&P 500 (NYSE:SPY) exchange-traded fund (ETF) which tracks the benchmark U.S. stock index. That was up from about 1 million shares in the option in the fourth quarter, it said in a filing with the U.S. Securities and Exchange Commission.
Soros also disclosed owning 51,700 shares in the ETF, up from 8,1000 shares in the fourth quarter. |