After a long break, George Soros has made a comeback to trading. Opportunities have enticed George to make huge profits from what he terms as future economic troubles. George is a billionaire and the founder of the hedge fund. According to people who are close to the matter, Soros directed various massive and bearish investments. According to a Wall Street Journal, George had taken a long break from trading. However, his comeback is marked with the series of investments he has made recently.
George is the founder of Soros Fund Management LLC. It manages about $30 billion for George and his family. Soros Fund Management LLC manages sold stocks and bought gold as well as shares of gold miners in various markets. It anticipates weakness in different markets. Most investors consider gold to be a harbor during times of havoc.
The moves are an important shift for George, who got fame when he bet against the British pound in 1992. The trend earned Soros profits of $1 billion. The 85-year-old investor is currently focusing on public policy and being a philanthropist.
Surprisingly enough, George Soros closely monitors investments of Soros Fund Management LLC. If the fund suffers losses, George inserts himself in the operations of the firms. According to some senior executives, Soros is always involved in the activities. However, in the recent years, Soros has not invested much on his own. However, that is not the case anymore because earlier this year George began spending more time in the office. George spent time directing trades. People close to the matter said that he frequently contacts executives of the fund.
About George Soros
George is the founder of Soros Fund Management, and he is the chair. He also chairs the Open Society Foundations. Soros was born in Budapest in the year 1930, and he survived Nazi occupation that existed during the World War II. George fled to England in 1947 from a Communist-dominated Hungary. Soros graduated from London School of Economics then later settled in the United States. While in the U.S, George accumulated a vast fortune through his investment fund.
George is an active philanthropist since 1979. He began by giving funds to black students who were attending Cape Town University in South Africa. As a result of his philanthropic work, the Open Society currently operates in more than 100 countries. The society recorded an annual expenditure of $835 million as at 2011.
George is an author of various books. Some of the books George has written include the Tragedy of the European Union which was written in 2014. He also writes essays and articles on politics, economics, and the society. They appear regularly in major newspapers and magazines worldwide.
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