Soros verlor 120 Mio. mit Lehman

: 11. September 2008

Die Hedgefond Legende kaufte im 2.Quartal Lehman Aktien und verlor bis heute 120 Mio. $. Schwacher Trost: Er ist nicht allein.

Bloomberg berichtet:

Billionaire George Soros's hedgefund may have lost at least $120 million on its stake in LehmanBrothers Holdings Inc., mostly acquired in the second quarter, asthe investment bank suffered its worst financial result.

Soros Fund Management LLC, which manages $20 billion,purchased 9.47 million shares, or about 1.4 percent of New York-based Lehman, between March 31 and June 30, according to a filingwith the Securities and Exchange Commission. The losses could beas high as $380 million, depending on when New York-based Sorospurchased the stake and if he still owns the shares.

AllianceBernstein LP, Wellington Management Co. and JanusCapital Group Inc. also bought Lehman shares in the secondquarter.

``There was a belief that Lehman was too big to fail,''Geoff Bobroff, an investment-industry consultant in EastGreenwich, Rhode Island, said of the reason investors may havebought the stock. ``They may still be rewarded if a buyersurfaces who will pay more per share than what they paid.''

Reuters:

Some of America's biggest and best-known mutual fund companieslikely suffered heavy losses multiple times this week because they hadlarge holdings in the market's worst performing stocks.

AllianceBernstein Holding LP,which invests $675 billion, may have been the biggest casualty. Itranked as the top shareholder in ailing investment bank Lehman BrothersHoldings Inc , where it owned 65.6 million shares, and crippled mortgage company Fannie Mae , where it owned 134.2 million shares, at the end of June.

At Fannie's cousin Freddie Mac AllianceBernstein was the third biggest holder with 41 million shares.