Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion.
The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Index since late last year.
The latest 13-F filing with the Securities and Exchange Commission shows that Soros Fund Management increased its position in “puts” on the SPDR S&P 500 exchange-traded fund by a staggering amount in the second quarter from the first.
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