As we said recently strong hands were invested in biotechnology , an extreme example of this is George Soros.
George Soros is for many the archetype of the speculator and prophet of "post-capitalism." Is American, although born in Budapest. Today is one of the richest men in the world but has been emigrant painter and porterage. As head of various "cracks in the stock market", while patrons in about fifty countries through grants to human rights organizations, scholarships for black students in South Africa and support for various social projects in Eastern Europe , is flattered and feared at the same time. It currently has a fortune estimated at 7 billion dollars, but manages many billions more dollars in markets worldwide, and their movements Money is capable of changing the destiny of a country, a currency or an industry.
In June this year, Soros had invested in biotechnology and pharmaceutical companies 49% of their funds. An outrage to everyone, but much more for a financial speculator not particularly versed in the field. For example, in telecommunications was only slightly less than 3% and the second sector in which he invested was more consumer services (which are included supermarkets, media, leisure and travel agencies and tourism and leisure) a sector was exposed in just under 19%. But today has been known that, throughout the summer Soros had sold a large part of their biotechnological reducing their exposure to 25.2%. Biotechnology still remains the sector in which has a greater exposure, especially biotechnology and pharmaceutical companies American, recently commented that as well are our favorites, even ahead of the telecommunications, oil (7%) or consumer services, where their exposure is still below 25%.
obviously has taken a good return on their bios, because as we said before the AMEX biotech has risen sharply this year that could or . A good collection of benefits and remains heavily exposed to the sector.
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