Soros: Anatomy Of A Comeback

George Soros has faced down many adversaries in his 65 years: Nazis in his native Hungary, Communist dictators suspicious of his philanthropy and advocacy of open societies, and, more recently, the central banks of Europe. Soros gained fame a couple of years ago as "the man who moves markets," by aggressive, highly leveraged trading in currencies and bonds. As a trader and investor, his long-term record is unsurpassed--an average annual return of 35% since 1969, among the best in the world. But in recent months, it seemed, Soros was facing a threat as daunting as any posed in the past. His flagship $6.1 billion Quantum fund was struggling. His reputation was in jeopardy.

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