Man who broke Bank of England increases bet against US stock market

George Soros, the billionaire investor, increases his short position against the S&P 500 in America

The man dubbed "the man who broke the Bank of England" for his $10bn bet against sterling in the 1990s, has now taken out a $2.2bn bet that the S&P 500 will fall, according to a filing with the Securities and Exchange Commission. 

This takes Soros Fund Management's short position on the index from 3pc of his portfolio to 17pc. Mr Soros's net position on the index remains long.

DYI