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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (28532)	5/10/2010 12:39:36 PM
From: Tommaso	Read Replies (1) \| Respond to 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.

To: Real Man who wrote (28532)	5/10/2010 12:42:56 PM
From: Tommaso	Read Replies (1) \| Respond to of 71475

born Aug. 12, 1930, Budapest, Hung.) Hungarian-U.S. financier. He left his native Hungary in 1944 and settled in London in 1947, where he studied and joined a merchant bank. He moved to New York City in 1956 and initially worked as an analyst of European securities. By 1979 his daring investments and currency speculation brought large profits, some of which he used to found Soros Foundations, dedicated to creating open societies in many eastern European countries and Russia. Other Soros programs have been dedicated to enlarging public debate on a wide range of controversial issues. In 1992 he reached new heights of wealth, making a profit of about $1 billion when Britain devalued the pound sterling, but in 1998 he suffered large losses from currency speculation in Russia.