June 30, 2014
The billionaire investor best known for breaking the Bank of England is excerpting his influence again. George Soros, the father of central bank activism is ramping up some shareholder activism — against Penn Virginia (PVA). The Soros family office, Soros Fund Management, disclosed a nearly 10% stake in PVA in its March filing. Last week they wrote a letter to PVA management complaining that they are destroying shareholder value, and they are pushing the company to sell itself. Soros Fund Management is the largest shareholder and they are shaking things up at PVA.
The stock is up more than 13% since Wednesday of last week.
We have 20 stocks in our Billionaire’s Portfolio that are all under the influence of powerful investors — all of which are pushing to unlock value for us. Join us!