George Soros is the Founder and the President of Soros Fund Management and Chairman of the Open Society Foundation. Soros Was brought up in Hungary being born in Budapest in the year 1930. In 1947, he found his way to England during Nazi occupation and attend London School of Economics and graduated with a Degree in Economics. George Soros began his Career in England working for an investment bank in London at entry level Position where he gained knowledge about management of funds. Later in the year 1956, Soros moved to the United States and settled in New York.
He worked for F.M Mayer as an Analyst for Three years and Moved to Wertheim & CO. where he served the same role for four years before joining Arnhold & S.Bleichlorand served at Management Position for almost Three years. His Dream Came true in the year 1972 and by 1973, Soros Founded Soros Fund Management. Over the years, Soros Management Fund evolved to became Quantum Fund an established hedge Fund.
His investment expertise on http://www.politico.com/story/2016/01/hillary-clinton-george-soros-218494 made him successful in managing the hedge fund and managed to raise 30% of the revenue investment returns annually, in two instances Soros proved to record 100% annual returns. 1980s George Soros started his Philanthropic work doing away with daily management of Quantum Fund and concentrated in supporting in different fields through donation large sum of Cash worldwide. He managed to donate this funds through his Open Society Foundation.
Open Society Foundation is an organization that values democracy and ensures everyone rights are respected and heard. It is an Umbrella organization that covers over 100 Countries globally. Some years back, Soros developed Passion in Political activism and lectured on contemporary issues in economics and the stand of U.S in world affairs especially political and freedom.
Read more: BUSTED: Conservative prankster James O’Keefe exposes his own ‘sting’ on George Soros group
James O’keefe, a conservative activist, was caught trying to impersonate Victor Kesh and bringing himself as a partner in the Open Society Foundation. Dana Geraghty later came to realize it was James who was acting as Kesh left without hanging the phone and Dana were able to hear background Conversation. His plans about opening a group in the LinkedIn that would promote Soros Vision was reputed by Chris Stone, The President of Open Society by stating that he cannot even know how to use technology, simple internet browser.
In recent Publication of Value Walk, George Soros touched the headline being a short-term Speculator, who walked away with billions from Making Huge Bets. George Soros expertise was in determining the price economics of currency standings. The market was unpredictable, and the underlying anomaly was British Currency would decline in value, and no increase in interest rates and currency purchasing power will remain constant. Given the market condition, there was a high probability that Britain would quit ERM and decrease its Currency. There was livelihood that if the examiner could have their bet on the chance, they could emerge winners. Know more on cnbc.com about George Soros.
The result of the beat unfolded on September 17th in 1972 during a news interview where Lamont announced Britain will float their Currency and Exit ERM. It turned out to be Awesome Wednesday for George Soros by raising $7 Billion upside the betted Amount of $15 Billion that he borrowed from Quantum fund. The Britain Currency decreased by 15% against the increase of 25% of the other currencies, that is, US Dollar and Deutschmark.