Soros' Hedge Fund Discloses 5.4% Stake In Plains Exploration & Production (PXP)
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In a 13G filing after the close Friday on Plains Exploration & Production (NYSE: PXP), George Soros' hedge fund Soros Fund Mangement disclosed a 5.38%, or 6,467,400 share, stake in the company. The firm did not show a stake in PXP at the end of the quarter ended 12/31/08. A 13G indicates a "passive investment" over 5%.
Plains Exploration & Production Company engages in the acquisition, development, exploration, and production of oil and gas properties primarily in the United States.
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