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FEB 14, 2013 - Business Insider

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Hedge Funders Cash In Huge On The Collapse Of The Yen

(Reuters) - U.S. hedge fund investor George Soros has gained about $1 billion since November betting against the yen, the Wall Street Journal reported, citing people with knowledge of the firm's position. The yen lost nearly 20 percent against the dollar between November and early February, picking up speed as Japan's new government put pressure on the Bank of Japan to ease monetary policy more aggressively to defeat deflation. Soros Fund Management's internal portfolio, which has been led by Scott Bessent since last summer, holds about 10 percent Japanese shares, the paper reported, citing ... Read More

Tags: Hedge Funders Cash In Huge On The Collapse Of The Yen,  Bank Of Japan Latest News