"Meanwhile, the value of billionaire investor George Soros's hedge fund dropped by 42% to $5.1 billion at the end of the second quarter, as he cut back on positions in several blue-chip names, according to a regulatory filing late Monday.
Soros Fund Management reduced its positions in AT&T Inc. and J.P. Morgan Chase & Co., selling 4.1 million shares and 2.5 million shares of the firms, respectively. Mr. Soros's stake in AT&T is now at $12.2 million, and J.P. Morgan at $3.9 million"
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Neil Callahan
Rosemont Seneca Partners
917-945-9516