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+--- Thread: Soros as of the end of February (/showthread.php?tid=493)
- Gator - 03-12-2012
From SEDAR
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00008794
As at February 29, 2012, Soros reports that Quantum held 1,834,622 common shares
(“Shares”) of InterOil Corporation (the “Company”). The Shares held by Quantum
represent approximately 3.82% of all outstanding Shares of the Company.
As of the end of February 2012, neither Soros nor Quantum owned, directly or indirectly,
nor exercised control or direction over, any Shares of the Company other than as
disclosed above.
- Palm - 03-12-2012
Interesting gator; good find. So Uncle George's new PM really was just adjusting the portfolio like we thought. So I guess maybe that statement that Soros "might know more than we do" and it was most likely very bad was very wrong. No big surprise.
- Gator - 03-12-2012
It was dated 3/9 but signed and filed today 3/12 so they very well could still be holding.
- Palm - 03-12-2012
I believe that if he does do anything further with shares he will have to report it. The report he filed is under an exemption as an investment advisor (Soros Fund Management for Quantum) and to "use" this exemption it appears he will have to continue to report his holdings in IOC. And it appears he has to report certain changes in holdings with 10 days.
My guess is that at this point the portfolio has been rebalanced and he will continue to hold shares for a while.