Soros Fund Management doubles bet against the S&P 500 in first quarter

Billionaire investor George Soros, who has been warning that the 2008 financial crisis could be repeated due to China's economic slowdown, on Monday disclosed his doubled wager against the S&P 500 in the first quarter. Soros Fund Management said it owned a 2.1-million-share "put" option in the SPDR S&P 500 exchange-traded fund (ETF) which tracks the benchmark U.S. stock index. Soros also disclosed owning 51,700 shares in the ETF, up from 8,1000 shares in the fourth quarter.