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, George Soros founded Soros Fund Management. Over the years, Soros Management Fund evolved to became Quantum Fund an established hedge Fund.
His investment expertise 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 on https://en.wikipedia.org/wiki/Soros_Fund_Management and the stand of U.S in world affairs especially political and freedom. Soros had spent overs 20 years in betting industry speculating with Billions of Money.
In recent Publication of ValueWalk, 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. Read more at http://www.marketwatch.com/story/is-george-soros-right-about-the-coming-crash-in-china-2016-04-22
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 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.