Investing
George Soros Exits Shares Bought During Bill Hwang’s Archegos Implosion
- Firm had snapped up Baidu, Vipshop shares at the end of March
- Soros boosted Amazon position, revealed new IHS Markit stake
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George Soros’s investment firm, which snapped up shares sold off in massive blocks during the collapse of Bill Hwang’s Archegos Capital Management, exited the positions.
Soros Fund Management sold $194.3 million of ViacomCBS Inc., $77 million of Baidu Inc. shares and $46.4 million of stock in Vipshop Holdings Ltd., according to a regulatory filing released Friday. The billionaire’s firm also liquidated positions in Tencent Music Entertainment Group and Discovery Inc.