Soros' Fund owns 28MM Euros of RACE shares - Ferrari Life
 
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post #1 of 3 Old 02-17-2016, 08:48 AM Thread Starter
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Soros' Fund owns 28MM Euros of RACE shares

George Soros' investment fund disclosed a 28MM Euro stake in Ferrari SpA, causing a spike in Ferrari shares. My guess, though I have no knowledge whatever, is that it resulted from the Fund owning FIAT/Chrysler shares an acquiring Ferrari shares in the spin-off.

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post #2 of 3 Old 11-17-2016, 08:52 AM
 
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I don't focus on rich people or people like Soros. My Dad was an investment banker and was involved in several areas of public companies. Like under writing securities. In the 1980's even though he was Vancouver based. He switched focus from mining into tech, mostly software. He can take down stock of an IPO before it hits the market. Since he was involved in every aspect launching a software company from basically worthless to $18 per share in 1984. I'm not saying he met anyone in Microsoft. But before they went public. The brokers and investment bankers behind taking Microsoft public, did offer him a piece of the issue. They wanted the stock hot in Canada as well. He was the most successful stock broker in tech at the time. So the investment professionals in Silicone Valley, he was on their radar on most stuff in those days. He was good friends with a guy who founded the third largest software company in the US at the time. Business large and small is a who you know game. You need to know many people to be very successful. When Microsoft launched their IPO, they did not look for huge sums of money. Maybe $20million. My Dad with his stock broker side, had a client list that he could raise a couple million in a few hours. Besides his clients, his broker friends also a part of his network. That why he was contacted by the investment bankers behind Microsoft. But not Microsoft people. My Dad was concentrating on his own deal so passed on the issue. I don't want to invest like Warren Buffet. I want to build a network that companies come to me directly.
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post #3 of 3 Old 11-17-2016, 09:23 AM
 
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In 1982 my Dad was head hunted to join a little brokerage firm in Vancouver called Canarim Investments. He was recruited from a little firm called Walwyn Stodgell Cochran Murray Limited in Vancouver. One of the most respected firm in Canada in junior mining finance. Many people from Walwyn, started their own investment firms. To get my Dad to come over from Walwyn. They offered him a couple hundred grand signing bonus and made him sales manager. So in 1982, he was in charge of all of Canarims non management brokers and junior securities analysts at Canarim. Even today, people at Stockwatch in Vancouver know who my Dad is. Canarim today is Cannacord Capital. A large number of the senior management, worked under my Dad as their sales manager. A much smaller firm founded in the 1980's wouldn't dare try and recruit my Dad from Canarim. But they did poach his brokers. That company is Yorkton Securities, founded by Frank Gustra. Who went on to start Lionsgate Film. My Dad was considered one of the top brokers in Vancouver in the 1980's. Frank Gustra is a big Clinton Foundation donor. I don't know Frank Gustra personally, but could get a hold of him if I had something he would be interested in. Hence social skills are the strongest asset you can have. That's why people want their kids to go to Harvard or even private school.
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