Quantum Fund evolved from Double Eagle Fund. The Double Eagle Fund was founded by Soros and jim rogers on 1969 with a capital of 4 million US dollars. 1973 was renamed Soros fund with a capital of about120,000 USD. 1979, Soros renamed the company Quantum Company. The fund was established in new york, and its investors are all non-American foreign investors, thus evading the supervision of the US Securities and Exchange Commission. Quantum funds invest in commodities, foreign exchange, stocks and bonds, and make extensive use of financial derivatives and leveraged financing to engage in all-round international financial operations. Soros, with his extraordinary analytical ability and courage, guided the quantum fund to grow and develop again and again in the world financial market. He has accurately predicted the extraordinary growth potential of an industry and a company for many times, and thus obtained extraordinary returns in the rising process of these stocks. Even in the bear market where the market fell, Soros made a lot of money with his superb short-selling skills. After less than 30 years of operation, by the end of 1997, the quantum fund has grown into a giant fund with total assets of nearly 6 billion US dollars. By the end of 1996, the 10000 injected by Quantum Fund had increased to 15000000, an increase of 149 times.
Although the quantum fund has only $6 billion in assets, it has become a decisive force in the international financial market because it can obtain the investment effect equivalent to tens of billions or even hundreds of billions of funds through leveraged financing and other means when needed. Soros and his quantum fund were directly responsible for several serious currency crises in the 1990s.
Quantum fund is a high-risk fund, which mainly borrows money to invest in global stocks, bonds, foreign exchange and commodities. The Quantum Dollar Fund is registered with the US Securities and Exchange Commission, and mainly raises funds through private placement. It is said that Soros named quantum because Heisenberg, a German physicist admired by Soros and the founder of quantum mechanics, put forward the uncertainty principle. Soros believes that just as the physical quantum of particles cannot have a definite value, the securities market is often in an uncertain state, so it is difficult to measure and estimate accurately.