About $2 billion worth of European bonds owned by MF Global were bought by billionaire investor George Soros‘s family fund, the Wall Street Journal wrote on Friday, quoting people close to the matter.
On October 31 MF Global collapsed into the eighth-largest bankruptcy in U.S. history and an estimated $1.2 billion in client funds remains unaccounted for.
According to press reports, the board allowed the company’s exposure to European sovereign debt to increase by more than four times to $6.3 billion between late 2010 and shortly before it entered bankruptcy.
Full story: Soros Bought $2 Billion Ex-MF Global Europe Debt: Report – Yahoo! Finance.