Friday, November 16, 2012

Soros triples investment in Freeport

Investment funds are constantly increasing or decreasing their investments in different mining companies and different commodities.  One tidbit coming across my desk this morning from says Soros Fund Management run by billionaire fund manager George Soros' "nearly tripled its position in Freeport-McMoRan Copper & Gold, SEC filings showed Thursday," from "385,000 shares in the second quarter to 1,295,558 shares in the third quarters."

There are recent financial analyses arguing that copper production capacity is not keeping up with growing global demand.  I don't know if that is what might be driving this interest in Freeport.

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