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How Groom-to-be Soros Can Win With Manchester United At World's Most Influential Hedge Funds Conference In 2012

(August 20, 2012, New York) The Week reports that US billionaire and groom-to-be George Soros has brought a large stake in Manchester United, a week after the English football club floated on the New York Stock Exchange. The Hungarian-born hedge fund manager has bought 3.1 million shares. However, the dual-class structure means that although Soros has eight per cent of the available stock he owns only 1.9 per cent of the club. The shares were bought through Quantum Partners, the investment arm of his family office, according to a filing with US regulators.

So far, however, things have not gone well for Soros. Not only did his new team lose their opening game of the season against Everton last night, but his shares have slipped in value since he bought them. His stake in the company is thought to have cost $43.4m. The Financial Times says it is now only worth about $40.5m based on Monday's closing price.

There could be worse to follow if the FT is to be believed. "Hedge funds have lined up to profit from a further fall in the club's value," it reports. "According to Markit, the financial information company, 8.4 per cent of Manchester United's shares had been borrowed for shorting as of Friday, making the company the 14th most shorted IPO of the year."

Shorting is when shares are borrowed and sold to other buyers in the hope that the price falls, allowing the seller to buy them back at a cheaper price, thus making a profit before returning them to the original owner. On September 25 in New York, October 9 in Chicago and December 12 in London, hundreds of the most important players in alternative investments, including short-sellers, will gather for all-star agendas at Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" (http://www.HedgeFundsLeadersForum.com). A virtual who's who will soon follow as one legendary manager after another will take the stage. Billions of investable assets will be represented by influential local and international investors who will listen with rapt attention as star managers and analysts discuss and debate the biggest issues facing the industry today.

Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands and how regulatory and alpha expectation s will impact it. Recognized managers, investors, experts, regulators, and strategists will return to Hedge Funds Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Hedge Funds Leaders Forum 2012 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net.