market folly

George Soros' family office Soros Fund Management has disclosed a new stake in London listed 1Spatial (LON: SPA).  Due to trading on June 10th,  Soros Fund owns 7.78% of 1Spatial’s voting rights.  This is a brand new position for the firm.     

Per Google Finance – “1Spatial Plc, formerly Avisen plc, is a holding company. The principal activity of the Company is the development and sale of information technology (IT) software along with     related consultancy and support. The Company operates in four segments: Head Office, Avisen,     Storage Fusion and 1Spatial. 1Spatial Holdings plc (1Spatial Business) is a software development     company, which provides location based software and related services. Avisen, the Company’s     management consultancy business, focuses on providing global companies. Storage Fusion is     the author of Storage Resource Analysis (SRA), which provides analytics for enterprise storage     environments through a SaaS service. The Company’s operations are located in the United Kingdom,  Ireland, Australia and Europe. On November 28, 2011, the Company acquired the entire interest of     1Spatial Business. On April 1, 2011, the Company sold its wholly owned subsidiary Inca Software     Limited.”

We've also highlighted other recent portfolio activity from Soros here.