Man who broke the Bank of England

top to investment pakistan
top to investment pakistan

George Soros was born in Hungary to a Jewish family who refuged to England during the World War II occupation of Hungary by German Nazis.  Soros did BA, MA from London School of Economics and Ph.D. from University of London where he was student of famous philosopher Karl Popper. Soros has worked in multiple merchant banks like  Singer and Friedlander, F.M Mayer, Arnhold and S. Bleichroeder. In 1970, he founded Soros Fund Management, which was later named to Quantum Fund, where Soros has generated exceptional annualized return of 20% in 40 years till 2011. 

Soros is known for his massive currency bets and large short positions. His famous bets against pound lead to most catastrophic financial event in U.Ks history which marks down his name in the lane of history as “the man who broke the bank of England” by taking $10 billion worth short position on pound  which ultimately resulted in UK’s Black Wednesday Currency Crisis on 16th September 1992. Soros other famous bets were his bet against Baht and Yen. Apart from currency speculations, Soros is also known for his global macro strategies. Soros name is feared and associated with many conspiracy theories which consider him mastermind behind many global political and financial events. He even had survived assassination attempts in 2018.

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