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On March 19, 2009, a seven-member investor group, IMB Holdco, led by Steven Mnuchin—which included billionaires Christopher Flowers, John Paulson, Michael Dell, and George Soros—purchased Independent National Mortgage Corporation (IndyMac Bank) of Pasadena, California for $13.65 billion from the FDIC and created OneWest, which then had 33 ...
In 1992, on what became known as Black Wednesday, Soros' lead fund, Quantum Fund, became famous for profiting from the devaluation the pound when the currency left the Exchange Rate Mechanism. Soros had bet his entire fund in a short sale on the ultimately fulfilled prediction that the British currency would drop in value, netting him a profit ...
George Soros [a] HonFBA (born György Schwartz; August 12, 1930) [1] [2] is a Hungarian-American [b] businessman, investor, philanthropist and a liberal political activist. [7] [8] [9] As of October 2023, he had a net worth of US$6.7 billion, [10] [11] having donated more than $32 billion to the Open Society Foundations, [12] of which $15 billion has already been distributed, representing 64% ...
In 2009, OneWest Bank Group, where Mnuchin was chairman and CEO, bought the troubled IndyMac after federal regulators took over the bank. Other big-name backers included funds tied to George Soros ...
(Dune Capital, a hedge fund that Mnuchin co-founded with seed money from George Soros, put up some of the money for David Cameron’s 2009 movie Avatar, alongside other hits such as Magic Mike XXL.)
In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund. He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits, in an event known as Black Wednesday. [7]
George Soros, a hedge-fund billionaire who's backed progressive causes with millions in donations, is a Hungarian Jew who's frequently the subject of right-wing conspiracy theories.
Soros Fund Management, LLC is a privately held American investment management firm. It is structured as a family office, but formerly as 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. [3]