Soros says Obama victory means "more sensible politics"
By Jennifer Ablan and Matthew Goldstein | November 7, 2012 4:42 PM EST
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)
Most Popular Slideshows
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- NATO: Russia's Been Conducting Too Many Military Flights Over Europe
- Nokia Lumia 730 v. Sharp Aquos Crystal – Specifications, Features And Price Showdown
- Moto X 2014 vs. Motorola DROID Turbo - Specifications, Features And Price Showdown
- Apple iPhone 6 Plus vs Motorola Droid Turbo: Comparsion On Processor, Software And Battery
- Australia Special Forces Await 'Delayed' Iraqi Visas Before Joining ISIS Fight
- ISIS Has Been Equipped With Advanced Anti-Aircraft Missiles
- Samsung Galaxy Note 4 vs Motorola Droid Turbo – S-Pen Is Note’s 4 USP But Droid Turbo Can Outshine With Larger Battery