Soros says Obama victory means 'more sensible politics'

Wed Nov 7, 2012 11:02am IST

George Soros, chairman of the Soros Fund Management and Open Society, speaks during an interview with Reuters in New York April 6, 2009. REUTERS/Shannon Stapleton/Files

George Soros, chairman of the Soros Fund Management and Open Society, speaks during an interview with Reuters in New York April 6, 2009.

Credit: Reuters/Shannon Stapleton/Files

Related Topics

REUTERS - Billionaire investor George Soros said late Tuesday that the projected re-election of President Barack Obama will open "the door for more sensible politics."

Soros, who has contributed mightily to Democratic causes and supported many liberal and progressive groups, told Reuters: "I'm delighted that President Obama has won. The American electorate has rejected extremist positions."

In an email exchange, Soros, who was in Budapest, said he hopes "the Republicans in office will make better partners in the coming years."

He noted that cooperation between America's political parties is "urgently" needed to deal with the so-called fiscal cliff - the yearend combination of expiring Bush-era tax reductions and steep cuts in domestic spending.

Soros, 82, rose to fame and fortune two decades ago on a now-historic trade in which he took on the Bank of England and shrewdly wagered on a devaluation of the British pound.

Last year, Soros, who frequently speaks out on world economic events, converted his hedge fund into a "family office," managing money for relatives and friends. He stopped managing money for outside investors.

(Reporting By Jennifer Ablan and Matthew Goldstein; Editing by Doina Chiacu and Ciro Scotti)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage