George Soros Is Out On Palantir Technologies
Billionaire investor George Soros's Soros Fund Management issued a statement criticizing one of its holdings, Palantir Technologies. Soros explain that the investment was made by a portfolio manager at the firm in 2012 when Palantir was private. The stock has nearly doubled in its short life as a public company.
“SFM has sold all shares in the company that it is not legally or contractually obliged to hold and will continue to sell shares as permitted,” the statement added.
Palantir has drawn criticism for the work it has done for the U.S. government, notably the U.S. Immigration and Customs Enforcement agency.
Soros Fund Management, now a family office, has roughly $4 billion in assets under management.