Gratis dating sider Sorø
In 1966 he started a fund with 0,000 of the firm's money to experiment with his trading strategies.
But he was principally motivated by a desire to assert himself as an investor to profit from his reflexivity insights.
At its founding, the Quantum Fund had million in assets under management, and as of 2011 it had billion, the majority of his overall net worth.
In 1954, Soros began his financial career at the merchant bank Singer & Friedlander of London. He specialized in European stocks, which were becoming popular with U. institutional investors following the formation of the Coal and Steel Community, which later became the Common Market. During this period, Soros developed the theory of reflexivity based on the ideas of his tutor at the London School of Economics, Karl Popper.
He worked as a clerk and later moved to the arbitrage department. In 1956 Soros moved to New York City, where he worked as an arbitrage trader for F. Reflexivity posited that market values are often driven by the fallible ideas of participants, not only by the economic fundamentals of the situation.
He then established the Soros Fund and gave investors in the Double Eagle Fund the option of transferring to that or staying with Arnhold and S. It was later renamed as the Quantum Fund, named after the physical theory of quantum mechanics.
By that time the value of the fund had grown to m, only a small proportion of which was Soros's own money.