George Soros Said to Buy Japanese Shares While Other Investors Dump Them

12-Jun-2013

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.

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By Dan Weil, Money News,

Japan’s Nikkei 225 stock index has plunged 19 percent from its May 23 high, and that drop has reportedly turned George Soros into a buyer.

The hedge fund legend, who earlier racked up profits of more than $1 billion wagering against the yen and Japanese stocks, returned to the stock market this week as a buyer, after seeing signs of stability in Japan’s bond market, according to a person close to the matter, The Wall Street Journal reports.

The Bloomberg Japan Sovereign Bond Index has moved between 106.3 and 106.8 this week.

Most investors have been dumping Japanese stocks lately, thinking that the government’s massive effort to stimulate the economy may not work.

Soros’ buying in Japan has included both blue-chip multinationals and medium-cap growth stocks, the Journal source said.

Japanese stock levels are “very attractive” to Soros, as he and his colleagues at Soros Fund Management, expect Japan’s economy and corporate earnings to improve, the person noted.

Despite, the recent plunge, the Nikkei 225 remains up 52 percent from a year ago, closing Friday at 12,877.53.

Some experts say Soros’ move makes sense.

“It wouldn’t surprise me at all,” Glen Wood, head of global sales for Mitsubishi UFJ Morgan Stanley Securities, told CNBC. “What we’ve seen this week isn’t a reversal of what we’ve seen over the past six months, it’s a correction and an opportunity for longer-term investors to step in.”

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