Capitalize on the crisis

The world-famous currency speculator George Soros has turned his own benefit, even the global financial crisis. According to the magazine about hedge funds AR (consolidated version of Absolute Return and Alpha), last year the assets of Soros Fund Management has grown, while rivals have suffered huge losses. However, for analysts is not a surprise: George Soros has traditionally been able to make a variety of crises, many of which he himself creates. As of July 1, 2009 the volume of assets under management of Soros Fund Management, made $ 24 billion, which is 41.18% higher than a year ago. The main fund, Mr. Soros's Quantum Endowment even during the crisis in 2008 showed an increase of 10%, while other hedge funds suffered losses by an average of 19%. Thus, the largest U.S. hedge fund Bridgewater Associates for the year has lost 14.95%, and the value of its assets fell to 37 billion dollars, George Soros has always been noted investment instinct, which, for example, allowed him in 1992 to earn $ 1 billion in game against the British pound. Mr. Soros has warned about the current crisis, even before the start of its acute phase, which began last fall. However, analysts believe that George Soros has shown good results rather than despite, but because of the crisis, as used to earn in such conditions. According to general director of OOO FinExpertiza Aghvan Mikaelian, the mechanism of making money George Soros is well described in the book "The Return of the Great Depression?" Nobel laureate in economics Paul Krugman. "At Mr. Soros has no investment genius, he just knew how to do a bet on public opinion, - says Mr. Mikaelian. - Paul Krugman, the theory holds that the expectation of the crisis leads to the very crisis. And George Soros always clearly see where this crisis can be generated, strongly contributes to this, then this makes. " Note that in March this year, authorities fined the Hungarian Soros Fund Management at 2.2 million dollars for the intentional collapse of the shares of the largest in the country of OTP Bank in October 2008. Himself, Mr. Soros, however, claimed that he knew nothing about this transaction. However, for investors, the result is more important than technique. Players still believe in luck, George Soros. Avanko Capital analyst Anna Aralov said that "in the minds of most investors, the effect on the scale of the personality of Mr. Soros' great, they are willing to believe in the growth of all he touches." Not by chance the American billionaire in the past year was at the top of the list of highest-paid fund managers, earning 1.1 billion dollars, and his condition had grown to $ 9 billion as much as they earned and lost in the crisis, visit the portal Bank.ru - Forbes: " Golden Hundred "Russia has lost $ 380 billion - The crisis hit the rich - Russians poorer eyes - read on