Hedge Funds

Soros appeals French "insider trading" ruling


George Soros is appealing an old conviction of insider trading in France, denying charges in a Paris appeals court Thursday. The billionaire philanthropist and head of Soros Fund Management was hit in late 2002 with a fine of close to $3 million, a sum that he was accused of making on selling shares of Societe Generale. The actual sale of those shares was 17 years ago, according to the French regulators.

The case dates back to the late 1980s. Soros was accused of getting the inside track on Soc Gen stock from French financier, Georges Pebereau, who at that