“Hedge fund titan George Soros’ biggest position is a huge bearish bet that the Standard & Poor’s 500 will go down, MarketWatch reported. Soros has a history of rolling the dice on risky propositions in the past and making giant gains. He is known as ‘The Man Who Broke the Bank of England’ because of his successful bet against the British pound that led to $1 billion in profits during the 1992 Black Wednesday U.K. currency crisis. Soros Fund Management reported it bought a put on 1,248,643 units of the SPDR S&P 500 Trust (SPY) exchange-traded fund (ETF) in the second quarter – its largest holding, according to MarketWatch.”

http://www.moneynews.com/investinganalysis/soros-s-p-500-gold-13f/2013/08/15/id/520613

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