Soros Fund Boosts Massey Stake During Second Quarter
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Billionaire George Soros’s hedge fund boosted its stake in Massey Energy Co., owner of the West Virginia mine where 29 people died in April, to 2.2 million shares during the second quarter.
Soros Fund Management LLC, which oversees $25 billion, purchased 1.7 million shares of Massey during the quarter, according to a filing with the U.S. Securities and Exchange Commission yesterday. The New York-based fund’s position was valued at $59.4 million at the end of June.