This fund has given YTD return of more than 6%. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. George Soros manages more assets than 48% of other Hedge Fund Managers Average Return -6.99% Since Last Filing Last 12 Months 3 Years Emigrated to US in 1956. Standard Digital includes access to a wealth of global news, analysis and expert opinion. The trade is considered one of the greatest of all time, and Soros was declared "the man who broke the Bank of England.". The prices of stocks, bonds and currencies depend on the human beings who buy and sell them, and those traders often act out of highly emotional reactions rather than coolly logical calculations. [5], In July 2011, to avoid having to register with the SEC[6] and comply with reporting requirements under the Dodd-Frank reform act, the Quantum Fund announced they would be turning the fund into a family investment group and returning all outside money to investors by the end of 2011. WebSoros established the Quantum Group of Funds hedge fund in 1973; the lead Quantum Fund famously shorted the British Pound in 1992. One popular theory is that Soros has internalized so much of the market and its workings that he instinctively knows when the time has come to close out for a profit long before he can rationalize the decision. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Alphabet shares are up more than 35% YTD. "The HFMWeek 50 most influential people in hedge funds", "Soros Fund Management LLC: Private Company Information - Bloomberg", "Robert Soros is stepping down from his father's legendary fund to start his own venture", "Soros's One-Time Investment Chief Ted Burdick Has Left", "Men Bet She Would Fail; Now She Runs a $26 Billion Fund", "Jim Rogers: "All Of You Who Have MBAs Have Made Mistakes" And You Should Be Farmers Instead", "Soros Successors Thiel, Howard Prove Global Bears Rule Markets", "Soros Fund Management holdings $4.2 billion at June 30, 2009", "Soros Returns Capital, Avoids Dodd Frank", "Soros Investment Chief's Departure Comes Amid Poor Performance", "SolarCity Rises On Project Equity Funding From Soros-Affiliated Outfit | Stock News & Stock Market Analysis - IBD", "SolarCity raises $305 million in deal advised by Soros' firm", "George Soros Bails Out Elon Musk With $305M SolarCity Investment", "A Secretive Investor in Triple Crown Contender Justify: George Soros", "George Soros is part owner of Triple Crown contender Justify", "Soros Fund's New Leader Upends Firm in Strategic Overhaul", "Soros fund builds 3% stake in Swiss asset manager GAM", "Vice Media Gets $250 Million in Debt Funding From George Soros, Other Investors", "BRIEF-Soros Fund Management Ups Stake In Manolete Partners To 11.67% - Filing", "Soros Fund Management Institutional Ownership", "George Soros commits $1 billion to start global university to fight climate change", "CEU founder George Soros to splash $1B on Open Society University Network", "Amply Power Raises $13.2M in Series A Funding", "Amply Power Draws Backing of Siemens, Soros Fund Management in Series A", "George Soros' fund is offloading Palantir shares because it 'does not approve' of its business practices", "Palantir jumps 18% after Steve Cohen's Point72 discloses 30-million-share stake", https://en.wikipedia.org/w/index.php?title=Soros_Fund_Management&oldid=1139384742, Investment management companies of the United States, Privately held companies based in New York City, All Wikipedia articles written in American English, Wikipedia articles in need of updating from June 2018, All Wikipedia articles in need of updating, Creative Commons Attribution-ShareAlike License 3.0, Robert Soros, Former Deputy Chairman and President, This page was last edited on 14 February 2023, at 21:36. Founded in 2015, it is a holding company that operates through Google and Other Bets segments. Soros converted his hedge fund into a More recently, Soros has been vocal about the precarious future of the European Union in the wake of Britain's 2016 vote to leave the union and the continuing refugee crisis that has brought millions of Middle Eastern refugees to Europe. Soros also returned 29% in 2009, earning $3.3 billion in fees and investment gains. Who Is George Soros? This compensation may impact how and where listings appear. Brexit refers to the U.K.'s withdrawal from the European Union after voting to do so in a June 2016 referendum. ", George Soros. Benjamin Graham was an influential investor who is regarded as the father of value investing. Eventually, Double Eagle was renamed the Quantum Fund, and it became the primary hedge fund that Soros advised. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at Horton, worth over $390 million. It usually invests at least 95% of its total assets in securities included in the index. Join over 300,000 Finance professionals who already subscribe to the FT. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. The company employs 117,900 people, generates revenue of $65.030 billion and has a net income of $9.67 billion. Those likely paid off, given the roughly 60% rise in Tesla's stock price this year. WebSoros Fund Management LLC has effectively operated as a family office since 2000 when George Soros announced a change in investment focus and Quantum Fund became Hedge funds are similar to mutual covariance To the Shareholders of the Quantum Group of Funds: Shaw, Millennium Management, Element Capital, Coliseum Capital Management, Renaissance Technologies, Clearfield Inc (CLFD), Alset Inc. (AEI), and More, Hedge Fund and Insider Trading News: Crispin Odey, George Soros, Three Arrows Capital, SurgoCap Partners, Texas Pacific Land Corp (TPL), Keurig Dr Pepper Inc. (KDP), and More, George Soros Net Worth and Top 10 Holdings Heading into 2023, 12 Best Growth Stocks To Buy According To George Soros, 10 Growth Stocks in Billionaire George Soros' Portfolio, Hedge Fund and Insider Trading News: Cathie Wood, Dan Loeb, George Soros, Schonfeld Strategic Advisors, Astra Asset Management, Varonis Systems Inc (VRNS), Fulgent Genetics Inc (FLGT), and More, George Soros Stock Portfolio: Top 10 Stock Picks, Hedge Fund and Insider Trading News: Howard Marks, George Soros, Chris Rokos, Two Sigma Advisors, Magnetar Capital, Tiger Global Management, Elliott Management, Align Technology, Inc. (ALGN), and More, George Soros Stock Portfolio: Top 10 Large-Cap Stock Picks, Hedge Fund and Insider Trading News: Boaz Weinstein, Steve Cohen, Ray Dalio, Davidson Kempner Capital Management, Tiger Global Management, Lynx Asset Management, GMS Inc. (GMS), and More, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Hedge funds involved in international trading, sharp devaluations in Southeast Asian currencies, "Money Speculator Soros Weathers $600-Million Blow: Currency: The widely watched billionaire, who manages the international Quantum Group funds, appears to have shaken off the rumors that he is in financial trouble", Soros's Quantum Fund Losses in Russia Put at $2 Billion, "George Soros closes funds: the letter in full", "Soros to close Quantum fund to outsiders", "George Soros's fund killed it in 2013, but most hedge funds didn't", https://en.wikipedia.org/w/index.php?title=Quantum_Group_of_Funds&oldid=1131398871, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 January 2023, at 00:08. Soros pocketed $1 billion from the deal, earning him the nickname: "The Man Who Broke the Bank of England.". The TipRanks Smart Score performance is based on backtested results. Webdollar Quantum Fund managed by George Soros, rently operating funds. boasts compounded annual returns exceeding The industry is charac-30% for more than 2 decades. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Some of the top holdings include Rivian Automotive, Liberty Broadband, and D.R. WebHow did George Soros borrow 6.5 billion in 1992 and immediately convert it into Deutschmarks using assets of the Quantum Fund as collateral if the total value of his The company employs 117,900 people, generates revenue of $65.030 billion and has a net income of $9.67 billion. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Using leverage, Soros was able to take a $10 billion short position on the pound, earning him $1 billion. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Hedge funds with large stakes in this fund are Soros Fund Management, Bridgewater Associates, Citadel Advisors and more. Hedge funds with large stakes in this company are Soros Fund Management, Egerton Capital, Sanders Capital and more. WebDruckenmiller, who once served as chief strategist for George Soros, is one of the worlds top money managers, boasting returns of about 30% a year over the past three decades, Soros Fund Mangment LLCs average return in the last 12 months was -63.71%. With profits from this fund, he started Soros Fund Management, in 1973. We use and other data for a number of reasons, such as keeping FT Sites reliable and secure, "Soros Fund Management LLC.". Soros Fund Mangment LLCs Sharpe Ratio is -0.94. As one of historys most successful financiers, his views on investing and economic issues are widely followed. What is Soros Fund Mangment LLCs portfolio value? Founded in 1994, it is among the biggest technology companies in the world that deals in e-commerce, cloud computing, digital streaming and artificial intelligence. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD). We support credit card, debit card and PayPal payments. After graduation, he started his career in the London merchant bank of Singer & Friedlander. [11], The company was founded by George Soros and his former business partner Jim Rogers in 1970. Many conservatives in the United States believe that George Soros is an evil Machiavellian genius who is secretly controlling the politics of the U 0 Fundamental company data provided by Morningstar, updated daily. [29], In May 2019, it was announced that Soros Fund Management had built up a 3% stake in Swiss asset manager GAM. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The turnover rate is 32%. "Berkshire Hathaway Inc. Benjamin Graham was an influential investor who is regarded as the father of value investing. He spent $10 billion on shorting the pound. [13], In the week leading up to September 16, 1992 or "Black Wednesday," Quantum Funds earned $1.8 billion by shorting British pounds and buying German marks. Soros' Quantum Fund Replaces Top Strategist - After Big Tech Losses, Fund Will Take A Lower-Risk Approach, "Investor's Business Daily", May 1, 2000. GuruFocus.com is not operated by a broker or a dealer. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. It was believed that in the late 80s and early 90s that the British Pound was overvalued due to measures taken to reduce inflation; interest rates were very high. Stock quotes provided by InterActive Data. For cost savings, you can change your plan at any time online in the Settings & Account section. Hedge funds with large stakes in this fund are Soros Fund Management, Fisher Asset Management, Two Sigma Advisers and more. His basic theory of investing is that financial markets are chaotic. date of 2022-12-31. He focuses on a theory of "reflexivity," which is based on the premise that individual investor biases affect market transactions and the economy. This index is a rules-based index that includes liquid, US dollar-denominated, investment grade corporate bonds. As of April 18, 2022, Buffett has a net worth of $124.3 billion whereas Soros has a net worth of $8.6 billion. No cash balance or cash flow is included in the calculation. endstream endobj startxref Interestingly, Soros and Rogers do not trade the same way and they often have different opinions on where a market might be headed. This might be w GuruFocus.com is not operated by a broker or a dealer. Soros has given a total of $32 billion to the Foundations. Soros owns 4,307,919 shares of ViacomCBS, worth over $194 million. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Stock quotes provided by InterActive Data. George Soros returned an average of 30.5% per year between 1969 and 2000. 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