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.
Linked is a top 20 list of his investment top positions as of December 31, 2012. Soros Fund Management LLC were valued at $5.37
billion. Below his 20 top positions are eleven with dividend payments.
During the
quarter George Soros had 179 positions; 61 of them were new. Top New Stocks: C, MS, PXD, JPM, CTXS, EQT, APC, AAPL, PXP, DAL, F,
IVZ, COST, CTSH, COF, NWL, ADT, ABT, AXP, PNC
