He became a director of a new offshore fund in 1967 for the firm Arnhold & S. Bleichroeder.Soros Fund Management LLC runs a group of pools of money, called hedge funds, that trade in an array of financial instruments for the benefit of individuals and pension funds with the resources to take risks in the expectation of realizing great rewards. Quantum Realty Fund was established in 1993 and Quantum Industrial Holdings in 1994. I was naive about the level of corruption there," he told Riva Atlas. Thanks to Yaacov Apelbaum and Eagle1. Quota Fund, by contrast, enjoyed a 44 percent gain, after the 82 percent rise in 1996 and an incredible 159 percent jump in 1995. Russia's 1998 financial crisis, consequently, was a severe blow to the firm, which lost most of its investment as stocks plunged 80 percent. In 1985 Soros leveraged the Quantum Fund's assets aggressively, taking positions worth more than its entire assets in support of his belief that the German mark and Japanese yen would rise against the U.S. dollar. Ironically, he--and other Soros fund managers--bought as much as $1.8 billion worth of the Indonesian rupiah. Rogers left the firm that year. The fund rose 122 percent in value that year, and its assets passed $1 billion. By the end of 1980--and after a year in which the fund doubled in value--the Quantum Fund was worth $381 million, and Soros's personal wealth was estimated at $100 million. Soros himself concentrated on macro analysis: world politics and its effects on monetary policies, plus changes in inflation, interest, and currency rates. Quantum Fund, with $7 billion of the company's $17 billion in gross assets, ended the year down 1.5 percent. By the end of 1983 the Quantum Fund had recovered its lost value.In 1969 Soros started the Double Eagle Fund for Bleichroeder with $4 million in capital, including $250,000 of his own money. At the beginning of 1998, Quantum Fund had $5.54 billion in net assets; Quantum Emerging Growth, $1.82 billion; Quota, nearly $1.7 billion; and Quasar International, $1.21 billion. Soros Fund Management's main series of hedge funds are called the Quantum Group of Funds. He is also the founder of Central European University, a leading regional center for the study of the social sciences. Quasar Emerging Growth Fund had dropped in value by 31 percent for the year by this time and consequently was closed for "corporate restructuring," as Soros put it. Soros Fund Management is one of the largest hedge fund firms in the world, with approximately $28 billion under management. Actual Assets Under Management (AUM) is … This meant it was free from U.S. capital gains taxes and most federal regulations, but none of the investors could be Americans except Soros himself (who became a U.S. citizen in 1961). Druckenmiller added that Quantum had sold the Thai and Malaysian currencies short, but in the early spring, before the crisis. Soros replied that his company's funds had made only minor trades in Southeast Asian currencies over the last two months. Druckenmiller said he had again been wrong again on the Japanese economy and had mistimed his buying and selling of U.S. stocks. "We start with the assumption that the stock market is always wrong," Soros told aBorn in Hungary in 1930, George Soros avoided deportation and probable death in World War II because his Jewish family hid from the invading Germans. They also used instruments such as options and futures contracts both to maximize their potential profits and to offset their risks. We reach for Alpha every day.We break down traditional silos to ensure our team is connected. Another characteristic of hedge funds was that their managers were compensated mainly on the basis of performance rather than by a fixed percentage of the assets under management. Between the end of 1969 and the end of 1980 the fund (which was renamed the Quantum Fund in 1979) gained 3,365 percent in value compared to 47 percent for the Standard & Poor's composite stock index. Quantum Emerging Growth Fund and Quota Fund were founded the next year. Most recent portfolio value is calculated to be $ 4,482,062,000 USD. All rights reserved.By contrast, the Wall Street stock market crash of October 1987 was a humbling experience for Soros, who was caught unprepared, He decided to sell large parts of the futures contracts of the Quantum Fund, but when the market recovered quickly, the fund lost $200 million in a single day and at least $350 million in all. Soros Fund Management operates the Quantum Group of Funds, which had gross assets of $21.5 billion in 1998, more than any other hedge-fund group. Soros Fund Management organization profile. Portfolio manager(s) are listed as George Soros. "The IMF program [to support the currency] was as comprehensive as any I've seen," he explained, "but [Indonesian President] Suharto just reneged on it. We offer the combined resources and expertise of two of Canada’s pre-eminent investment management firms to serve investors in a way that is unmatched in the industry.