>>10566765 pb Q

>Soros history

>Background of Soros?

Founded in 1969 with seed capital of $4 million, including $250,000 of Soros’ own money, the Quantum fund originally began life as the Double Eagle hedge fund, an offshoot of an offshore investment fund called First Eagle.

First Eagle was owned and managed by New York-based investment bank Arnhold and S. Bleichroeder. Soros joined the firm in 1963 and over the next three years rose to become vice president, where his success prompted the firm to contribute $100,000 to start Soros’ own investment vehicle. This is where First Eagle was born.

Three years later during 1969 after the success of the first fund, Double Eagle was created to further capitalise on Soros’ investment ingenuity.

Unfortunately, the success at Arnhold and S. Bleichroeder didn’t continue for much longer. Federal regulations on conflicts of interests began to hinder the operations of the firm and as a result, Soros decided to quit to start his own business with the Double Eagle Fund.

George Soros was born in Budapest, Hungary in 1930.

http://www.nexchangenow.com/news/47137/george-soros-part-one-early-career/