HERE'S WHY OBAMA WENT TO INDIA: 8/26/10 Soros' Quantum hedge fund last week purchased Dubai Financial Group's 4% stake in the Bombay Stock Exchange....... Soros' investment comes as India works to modernize its capital markets, opening new exchanges, streamlining trading and introducing new products, like currency futures. India's stock markets are of increasing interest to foreign investors. Brokers own 44 percent of the BSE, with public shareholders controlling the rest.
Thirty percent of public shareholding is in the hands of foreign entities, including Deutsche Boerse, the Singapore Stock Exchange, Canadian financier Tom Caldwell, and US private equity group Argonaut Ventures. Indian law prohibits foreign investors from holding more than 5% in a local exchange. The BSE had 4,990 listed companies as of July and a market capitalization of $1.4 trillion, according to its website.
Soros sold his entire Petrobras stake (Brazilian oil---Soros got $2B from Ohaha)) to help finance the purchase of 4% stake in Bombay Stock Exchange. Buying and selling of non-US listed companies, including ADRs on US stock exchanges, is not required to be registered on the SEC forms.
Soros Fund Management LLC
888 7th Avenue, 33rd floor,
New York, NY 10106
Title Name Age
Chairman George Soros 80
Deputy Chairman Robert Soros 45
Deputy Chairman and President Jonathan Soros 38
Chief Operating Officer Abbas F. (Eddy) Zuaiter 43
Abbas F. "Eddy" Zuaiter is a member of the Boards of Directors of the Institute for Middle East Understanding (IMEU) and Middle East Institute (MEI). His brother Ahmad F. Zuaiter (42) is also a high ranking executive in Soros Fund Management.
Youngest brother, actor Waleed Zuaiter, had roles in 2008 BBC's House of Saddam, The Unit, NCIS, and Lie To Me. roles in 2008 BBC's House of Saddam, The Unit, NCIS, and Lie To Me.
