Soros Fund Management Takes Stake in Consumer Lender Synchrony Financial

(Reuters) Soros Fund Management, the team investing billionaire George Soros’ fortune, is betting big on consumer finance by taking a large position in Synchrony Financial, according to a U.S. securities filing on Tuesday.Soros now owns more than 7.1 million shares, its second-largest public stock position after Luxembourg-based agricultural company Adecoagro SA. The estimated value of the stake in Synchrony is $216.7 million, according to the filing with the Securities and Exchange Commission, which details public stock holdings on Dec. 31, 2015.

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