Soros is the chairman of the board of directors of the LCC Soros Fund, and the Private Investment Management Office has confirmed him as an advisor to the Quantum Fund Group. Quantum Fund in
Quantum Group is the oldest and largest fund, and it is generally believed that it has the best performance of any investment fund in the world in its 28-year history.
Quantum Fund evolved from Double Eagle Fund. The Double Eagle Fund was founded by Soros and Jim Rogers in 1969 with a capital of 4 million U.S. dollars; in 1973, it was renamed the Soros Fund with a capital of approximately 12 million U.S. dollars; in 1979, Soros changed the company's name to Quantum Corporation . The fund is set up in New York, and its investors are all non-US foreign investors, thus avoiding the supervision of the US Securities and Exchange Commission. Quantum Fund invests in commodities, foreign exchange, stocks and bonds, and makes extensive use of financial derivatives and leveraged financing to engage in a full range of international financial operations. With his extraordinary analytical ability and courage, Soros has guided the Quantum Fund to gradually grow and grow amidst the rise and fall of the world financial market. He has accurately foreseen the extraordinary growth potential of a certain industry and company many times, so as to obtain excess returns during the rise of these stocks. Even in a bear market where the market is declining, Soros makes a lot of money with his superb short-selling skills. After less than 30 years of operation, by the end of 1997, the Quantum Fund had grown into a giant fund with a total asset value of nearly US$6 billion.
Although Quantum Fund has only $6 billion in assets, it has become a pivotal force in the international financial market because it can obtain investment effects equivalent to tens of billions or even hundreds of billions of funds through leveraged financing and other means when needed. Soros and his Quantum Fund were directly responsible for several serious currency crises that occurred in the mid-1990s.