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In 1987, the funds lost $800 million on Japanese stocks shortly before the October 19, 1987 stock market crash. [1] In 1992, on what became known as Black Wednesday, Soros' lead fund, Quantum Fund, became famous for profiting from the devaluation of the pound when the currency left the Exchange Rate Mechanism.
Soros Fund Management is a privately held American investment management firm.It is currently structured as a family office, but formerly was a hedge fund.The firm was founded in 1970 by George Soros [1] and, in 2010, was reported to be one of the most profitable firms in the hedge fund industry, [2] averaging a 20% annual rate of return over four decades.
George Soros [a] (born György Schwartz; August 12, 1930) [1] [2] is an American [b] investor and philanthropist. [7] [8] As of October 2023, he had a net worth of US$6.7 billion, [9] [10] having donated more than $32 billion to the Open Society Foundations, [11] of which $15 billion has already been distributed, representing 64% of his original fortune.
800-290-4726 more ways to reach ... American billionaire investor and philanthropist George Soros is facing a major government and ... Mr Jaishankar said Mr Soros was a person “sitting in New ...
Several human rights organizations are concerned about Open Society Foundations plans to lay off 40% of their global staff — the nonprofit's second major cut in three years — as billionaire ...
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George Soros' Open Society Foundations announced a leadership change Monday with its president Mark Malloch-Brown stepping down in June, set to be replaced by a senior leader, Binaifer Nowrojee.