George Soros' family fund bought $2 billion dollars worth of European bonds at a discount from MF Global shortly after the brokerage filed for bankruptcy. This was reported by the Wall Street Journal's Greg Zuckerman and Dana Cimilluca.
Zuckerman and Cimilluca are now reporting the discount Soros got and the current size of his paper profits: Still, the purchases highlight the hefty profits that could come from these bonds. Mr. Soros's family fund, Soros Fund Management LLC, currently is up more than $130 million based on the marked-down prices paid for the bonds, according to a trader who bought some of the same bonds, though it is hard to put an exact value on the complicated trade.
Read more: http://www.businessinsider.com/george-soros-italian-bonds-mf-global-2011-12#ixzz1gOToAFwm
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