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To: John Hunt who wrote (16257)	8/27/1998 5:50:00 AM
From: John Hunt	Read Replies (3) of 18056

Soros Takes A $2B Hit nypostonline.com << Billionaire investor and super speculator George Soros took a massive $2 billion hit from playing the Russian market, it emerged yesterday. Investors look to Soros' speculation acumen and his time-tested ability to successfully make big wagers in global currencies, stocks and commodities. But this time King Midas' golden touch didn't work. Instead, investors in Soros' $22 billion group of funds took it on the chin as Russia's financial crisis looks headed for near-meltdown. The worst of the market effects from Russia's financial crisis has probably passed because most Russian investments have been essentially marked down to zero, Stanley Druckenmiller, manager of Soros' flagship Quantum Fund, said on the CNBC cable network. >>

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