(Reuters) - Billionaire investor George Soros said late Tuesday that the re-election of President Barack Obama will open "the door for a more sensible politics."

Soros, who has contributed mightily to Democratic causes and supported many liberal and progressive groups, told Reuters: "I'm delighted that President Obama has won. The American electorate has rejected extremist positions."

In an email exchange, Soros, who was in Budapest, said he hopes "the Republicans in office will make better partners in the coming years."

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