Friday, September 16, 2022

Revisiting Emily Tamkin's `The Influence Of Soros' 2020 Book: Pt. 4


In her 2020 book, The Influence Of Soros, a U.S. senior editor of New Statesman magazine, Emily Tamkin, noted:


"After graduating from LSE, Soros...wrote to all the merchant banks in London...At Singer & Friedlander...one of the managing directors was Hungarian.


"He got a job there in 1953 and worked in arbitrage and the stock exchange...George followed his brother and moved to America to work at a small brokerage firm on Wall Street owned by the father of one of his co-workers at Singer & Friedlander...George Soros moved to New York City to work in international arbitage...He lived...in a two-bedroom apartment on Riverside Drive...


"Soros stayed at the brokerage firm, F.M. Mayer, for three years, but then, in 1959, moved to Wertheim & Co., an investment firm...In 1960, he married...Annaliese Witschak...with whom he moved to an apartment on Sheridan Square and built a house in Southampton...Another firm, Arnhold & S. Bleichroeder came calling. Soros began there in 1963...


"...In 1966, at Arnhold & S. Bleichroeder, he set-up a model account with $100,000 of the firm's money...In 1969, he used $4 million to set up a hedge fund...named Double Eagle Fund...The Double Eagle Fund was successful...Soros was recommending stocks to clients that he was also potentially buying for his own account and so could have been accused of recommending stocks to make his own stocks perform better..." 

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