George Soros – Creating a Difference in the World of Business
George Soros was born in Budapest, Hungary in 1930. According to Forbes, he fled his country and paid for his business school at the London school of economics while working as a railway porter. He later started his finance career at the merchant bank. He moved to New York later here he started on Wall Street and established a hedge fund in 1969 using 12 million dollars. This is what was later rebranded to the Quantum Fund.
He made an impressive profit in 1992 when he broke the Bank of England by shorting the British Pound with help from his friend, Stan DruckenMiller. Many years later, he remains a force to reckon with as he continues his investment endeavors through his Soros fund management. His assets, family assets, including his family office, worth average at about 30 billion dollars. He hired a renowned Wall Street financial management expert Dawn Fitzpatrick in 2017 to run and manage his portfolio. She is the chief investment officer of Soros fund management and the seventh person to hold this position since 2000.
Soros is also known for his fierce criticism of President Trump. He is well known for his strong support towards liberal causes. George Soros has been affiliated to a number of organizations throughout this career and life. He has been with the F.M. Mayer, Wertheim & Company, Arnold & S. Bleichroeder as well as the Soros Fund Management. Read this story at Politico about George Soros.
Mr. Soros is famous for many things but he is most recognized for risking 10 billion on the British currency speculation. From this correct speculation, he made over one billion in profits in a day and ultimately over 2 billion was pocketed as profit. He is also famous for running the Quantum Fund whose annual generation was always more than 30% annually when he was in charge. Apart from his business associations and achievements, he is also well known for strong political stands and philanthropic activities. Visit cnbc.com to know more about George Soros.
He fled Hungary to England in 1947 where he graduated from London school of economics in 1952, which gave him an entry level job in a bank. He later migrated to the US where he served as financial analyst and held several investment management positions in different firms that he was associated with like the Mayer, Wertheim & Co. as well as Arnold & Bleichroeder.
His unique investment style is what has always put him ahead of his competitors. He is a master in the translation of broad brush economic trends to killer plays and leveraged currencies and binds. He is a short-term speculator that makes huge bets on financial markets directions. He describes the financial market as chaotic and that prices of securities depend on human traders, professional and non-professionals who purchase them.