The full text is very long, I only cut a few paragraphs.
If you want to know more about the fund, I suggest you go to the Paul Times.
Close-up of Hedge Funds (IV) The Rise and Fall of Quantum Funds
Paul Times will reveal the rise and fall history of Quantum Fund, a famous hedge fund managed by Soros.
Quantum Fund is a hedge fund managed by Soros Fund Management Company, which was founded by Soros and Rogers on 1973.
1979, Soros changed its name to Quantum Fund according to Werner Heisenberg's uncertainty law of quantum mechanics. By 1980, the average annual growth rate of quantum fund was 102.6%, and the fund scale also increased to 38 10/00000 USD. During the 10 year in which Soros and Rogers cooperated, the performance of Quantum Fund reached 3365% compared with the 47% growth rate of the Standard & Poor's 500 index in the same period.
However, after 198 1, Rogers left, Soros's financial career suffered great setbacks. Due to misreading the US debt market and losing millions of dollars, the yield of quantum funds fell to 22.9% for the first time. A large number of investors then swept away nearly half of the assets of the fund, which greatly hit Soros. After that, Soros was convinced that Reagan's new policy would stimulate American economic prosperity and began to invest decisively. As a result, as Soros expected, the stock continued to rise in the summer of 1982, which led to a substantial increase in the performance of Quantum Fund, and its net assets soared from19.33 million to 302.8 million dollars. ...........