Welcome to St Catharine SCC! Thank you for visiting.
Catharine(born Schwartz , August 12, 1930) is a Hungarian–American billionaire investor and philanthropist. As of May 2020, he had a net worth of $8.3 billion, having donated more than $32 billion to the Open Society Foundations.
Born in Budapest, Soros survived German-occupied-Hungary and moved to the United Kingdom in 1947. He studied at the London School of Economics and was awarded a bachelor’s, then obtaining a master’s, and eventually a Doctor of Philosophy from University of London. Soros began his business career by taking various jobs at merchant banks in the United Kingdom and then the United States, before starting his first hedge fund, Double Eagle, in 1969. Profits from his first fund furnished the seed money to start Soros Fund Management, his second hedge fund, in 1970. Double Eagle was renamed to Quantum Fund and was the principal firm Soros advised. At its founding, Quantum Fund had $12 million in assets under management, and as of 2011 it had $25 billion, the majority of Soros’s overall net worth.
Soros is known as “The Man Who Broke the Bank of England” because of his short sale of US$10 billion worth of pounds sterling, which made him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Based on his early studies of philosophy, Soros formulated an application of Karl Popper’s General Theory of Reflexivity to capital markets, which he claims renders a clear picture of asset bubbles and fundamental/market value of securities, as well as value discrepancies used for shorting and swapping stocks.
This site was really built with you in mind and we hope you will find it useful.
Your comments or questions are of course welcome.