George Soros is the founder of Soros Fund Management.
In 1970 he co-founded the Quantum Fund with Jim Rogers and Christoper Ink,
which created the bulk of the Soros fortune. Legendary was his currency
speculation against the British Bank of England:
On September 16, 1992, Soros's fund sold short more
than USD 10 billion worth of pounds sterling, profiting from the Bank of England's
reluctance to either raise its interest rates to levels comparable to those of
other European Exchange Rate Mechanism countries or to float its currency. Finally,
the Bank of England withdrew the currency from the European Exchange Rate
Mechanism, devaluing the pound sterling. Soros earned an estimated worth of USD
1.1 billion in the process. He was dubbed "the man who broke the Bank of
England." UK Treasury estimated the total costs of Black Wednesday at GBP 3.4
billion in 1997.
Below is a top 30 list of his investment positions as
of September 30, 2012. Soros Fund Management LLC was valued at $3.8 billion. Top
New Buys: AIG, PXD, PNKD, GOOG, WAG, BTU, TGT, DNR, AMZN
During the
quarter George Soros had 66 total positions.
Here are his 3 top positions:
