Street Stories: Managed Futures
George Soros on Wall Street 100 Highest Paid
Financial World
The Wall Street 100
By Stephen Taub and David Carey with Alison M. Smith
July 21, 1992
Page 40
Picture Source: Financial World, July 21, 1992
Photographer: Shone/Gamma-Liaison
No. 1 GEORGE SOROS
Soros Fund Management
At least $117 million
Despite the fact that Hungarian-born George Soros spends much of his time these days touting capitalism in former East Bloc countries, he was still able to find a way for his $3.2 billion offshore Quantum fund, which rose around 63%, to outperform most managed porfolios and market indexes. Who says bigger can't also perform better? After he claimed a chunk of Quantum's 15% incentive fee and the fund's entire 1% management fee, Soros's personal take computed into 9 fitures. Not too shabby, considering how much time the 61-year-old globe-trotter spends away from home. One of his more recent pet projects has been the establishment of the Central European University in Budapest and Prague. In the past year or so, he still found time to launch three spin-off funds - Quasar International Partners, Quantum Emerging Growth and Quota.
Picture Source: Financial World, July 21, 1992
Photographer: Tom Muscionico
