Hedge fund star George Soros has been expanding positions in a number of his technology favourities, increasing his overall exposure to the sector by 15%.
The billionaire investor significantly increased his stake in Google and initiated a large position in Comverse Technology, taking his technology weighting up to 23% across Soros Fund Management. Soros boosted his stake in Google by 258,774 shares to 259,900, which takes the total value of his position to $168m. It is now the fifth largest holding at 7.3%. Soros, who achieved world wide fame when he bet against sterling remaining within the Exchange Rate Mechanism in the 1990s, first bought into Google in 2007 but completely sold out in the second quarter of 2011. He then bought 1,...
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