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To: elmatador who wrote (107131)8/14/2008 7:55:23 PM
From: ChanceIs  Read Replies (1) | Respond to of 206201
 
Soros Reports No Stake In Vale Do Rio At June 30 >RIO

>>>I heard that Soros took a big stake in Lehman. Can't confirm.<<<

DOW JONES NEWSWIRES
August 14, 2008 6:32 p.m.


DOW JONES NEWSWIRES


Billionaire George Soros's hedge fund eliminated its largest single reported holding during the second quarter, as it reported Thursday no stake in Brazilian mining giant Companhia Vale do Rio Doce (RIO).

Soros Fund Management LLC had previously reported holding 3.2 million preferred ADR shares and 6.6 million ADR shares. The fund's disclosure form valued those shares at $323 million at the end of the first quarter.

In Thursday's filing, the fund said the fair market value of its reported assets rose to $3.68 billion at June 30 from $2.16 billion in the previous quarter quarter.

The change in portfolio size could reflect the performance of the portfolio, a shift toward investments that don't have to be reported to the Securities and Exchange Commission, or some combination of the two.