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International Business Times UK
International Business Times UK
Niloy Chakrabarti

George Soros's Fund Sells Uber, Novo Nordisk in Q1 to Focus on AI, Construction, and Apparel Stocks

Soros Fund Management's portfolio was worth north of $6 billion at the end of Q1. (Credit: https://www.opensocietyfoundations.org/)

George Soros is among the most successful investors in the world, popularly known as the man who broke the Bank of England. In 1992, he made a single-day profit of $1 billion from short-selling the British Pound.

His philanthropic efforts saw him donate over $32 billion to charitable causes via the Open Society Foundations. Soros founded his hedge fund, Double Eagle, in 1969, which generated average annual returns of 30% until 2000. The fund's name has changed several times over the decades, from Quantum Group of Funds to finally Soros Fund Management (SFM).

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