Leading Hedge Fund Trader, George Soros

George Soros is one of the richest hedge fund men across the globe. He has worked tirelessly for his success. Soros is a famous Philanthropist, Manager and a great author. He has been featured by Forbes as the World’s 19th richest man and the richest forex trader. He was born in Budapest Hungary a time when Nazi Germany invaded Hungary. A time when the young Soros was only 13 years. The country was going through difficult moments and that was the most critical moment in the history of Hungary. Their family had to change their Jewish name to Soros so that they could survive the wars. At that time, Jewish children were also barred from attending schools which was a step backward towards the progress of their future. He also survived other attacks like Budapest Siege and learn more about George Soros.

George Soros’ family later relocated to England so that the young Soros could join London School of economics. He pursued Bachelors in Economics from the University and later a masters degree in science in philosophy. During his tenure in school, he used to work as a waiter in a railway station in order to earn a daily living. After graduation, he started applying for jobs at various merchant banks a period he describes as one of the lowest moments in his life. He used to be ignored and even getting humiliated during interviews. He got employed at Singer and Friedlander, not because of anything else but all because the managing director was a Hungarian. The situation in many companies was not therefore about qualifications. He worked at the company as a clerk and then arbitrage department and read full artilce.

George Soros kept on looking for greener pastures and always wanted to grow in his career. He was referred by a friend Rober Mayer to F.M. Mayer which was located in New York. He was employed in the year 1965 and relocated to New York City. He worked in the department of European stock as an arbitrage trader a role he undertook while at the previous company. He worked there for a period of three years and moved to Wertheim and Co. He had intentions of going back to England to advance his studies in Philosophy. That was during this period when he developed the theory of reflexivity.

George later left the company and joined Arnhold and S. Bleichroeder. That is when his career took another dimension. He started experimenting his strategies using the company’s resources and later he realized that they were working out. In 1969, he set up Double Eagle a hedge fund which did not take long. It was well and functional until when he founded Soros Fund Management. He became its chairman and quit his responsibilities from Double Edge due to conflicts of interest and Follow his Twitter.

Other Reference: https://www.opensocietyfoundations.org/people/george-soros

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