Reuters’ Katya Wachtel talks with Reuters TV’s Lisa Bernhard about what can be gleaned about hedge fund managers’ market views and performance based on their quarterly holdings filings with the SEC. George Soros looks prescient with his decision to dump shares of U.S. Airways Group Inc. ahead of news that the Justice Department would sue to block a proposed merger between U.S. Airways and American Airlines. Soros also got into Sprintâ€”along with Eton Park, Farallon and Omega Advisorsâ€”ahead of news that SoftBank would buy the mobile provider. Meanwhile after losing hundreds of billions on gold, John Paulson halved his gold bet in the second quarter. Dan Loeb also cut his gold holdings.
Katya’s discussion runs from the opening to about the 3:55 mark.