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 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. Their youngest brother Waleed F. Zuaiter is a Hollywood actor; he had small roles in 2008 BBC mini-series House of Saddam, series The Unit, NCIS and Lie To Me.