The Fox has been put in charge of finding out what happened to the hens.
Insider trading? Is Citi positioned to take the place of Goldman now? Did Paulson and Soros have insider information that this was coming?
From TheStreet.com:
Soros bought 95 million shares of Citigroup during the fourth quarter, according to a quarterly filing on Tuesday. Soros’ Citi buying spree equaled $313 million worth of Citi shares at year’s end. It was a big move into Citi, as Soros had previously reported no exposure to Citigroup in quarterly filings.
Soros’ bullish turn on Citi echoed the trading strategy of his hedge fund peer John Paulson, who has been a big backer of a banking sector recovery in general, and Bank of America and Citigroup specifically. While Paulson sold a few million of the 159 million Bank of America shares he owns in the fourth quarter, Paulson bulked up on Citi shares, buying an additional 200 million shares to take his overall stake in Citi to above 500 million shares.