The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (28532)	5/10/2010 12:39:36 PM
From: Tommaso	Read Replies (1) of 71475

INTERNATIONAL BUSINESS INTERNATIONAL BUSINESS; Soros's Quantum Fund Losses in Russia Put at $2 Billion By GRETCHEN MORGENSON Published: August 27, 1998 Sign in to Recommend Twitter Sign In to E-Mail Print As Russia's financial crisis has deepened, Wall Street traders have played a guessing game: Which international investors have taken the biggest hits since the ruble was devalued and Russia announced its drastic debt restructuring? And when would they start owning up? The disclosures began yesterday as several big-name investors stumbled out of the Russian rubble. Stanley Druckenmiller, the manager of George Soros's Quantum Fund, said that Mr. Soros's $21.5 billion group of funds -- operated by Soros Fund Management -- had lost $2 billion in Russian markets during the last year.

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