Hungarian-American fund manager George Soros (Trades, Portfolio) established the prestigious Quantum Fund, one of the top-performing funds in the world over its 26-year history. Soros invests in companies with the theory that prices of equities and fixed-income securities depend on the actions of traders, who usually act out on highly emotional reactions. Investors can find good opportunities by studying the market value of assets. The fund manager also focuses on the theory of “reflexivity,” which is based on the premise that investor biases can affect market transactions.
During fourth-quarter 2016, George Soros (Trades, Portfolio) gained a position in Key Energy Services Inc. (NYSE:KEG), an energy company that has a positive 2017 outlook despite weak financial strength and profitability. Soros invested in 1,850,790 shares of Key Energy Services for an average price of $15.64 per share. As the energy company currently trades near $33.84 per share, Soros has a potential gain of approximately 116% on the stock. Continue Reading »