`For Once, We're All In Sync... It's A Worldwide Upswing'

A grin spreads across George Soros' tanned face as the legendary investor says that "amateurs like us" can't be expected to know where the world's financial markets will go this fall. Indeed, since Soros' Quantum group of funds lost $600 million on Valentine's Day after making a wrong bet on Japan's currency, stock, and bond markets, Soros might be understandably wary of taking any risks at all right now. Yet the 64-year-old head of Soros Fund Management is hardly holding back. With financial markets establishing firmer footholds in the former communist bloc, Soros has recently begun moving cash into Russia and Eastern Europe. He has set up another fund to invest in power plants and other projects across the developing world.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.