market folly

George Soros' family office Soros Fund Management has disclosed a new position in London listed SDL plc (LON:SDL).  Due to trading on June 18th, Soros Fund now own the equivalent of 3.62% of SDL's voting rights.  Approximately 35% of the stake is held via contracts for difference (CFDs).

Per Google Finance, SDL plc is "is engaged in providing global information management solutions     and related software applications to a variety of multinational businesses. The Company operates in three segments: the language services segment, which is engaged in the provision of a translation     service to customer’s multilingual content; the language technologies segment, which is into the     sale of enterprise, desktop and statistical machine technology developed to help automate and     manage multilingual assets together with associated consultancy and other services, and the content  management technologies segment, which is into the sale of content management technologies."

This is the second new position that Soros Fund has disclosed via the London Stock Exchange recently.  We highlighted Soros' new 1Spatial stake last week.