Category Archives: Campaign Contribution

George Soros; Funding Change

And in what came as a surprise to many Americans, George Soros gave a little over half a million dollars to John Kasich’s campaign. Kasich’s fund, New Day for America, received the funds from two managers affiliated with Soros’ fund according to records from the FEC. This is according to an article that originally appeared on the NY Books.
George Soros has expressed his distaste as reported on Latino Fox News with the proposed increased border security measure that other GOP candidates (Cruz and Trump) have advocated for. Kasich, on the other hand, has presented himself as a moderate and conservative candidate has for the most of the race been an underdog, and it has been a surprise to many that he hasn’t pulled out of the race. Soros has a number of organizations that he has setup or backed to support far-left policies.

Forbes billionaire George Soros is an American investor and hedge fund manager based in New York City. He is of Hungarian descent and is the founder and Chairman of Soros Fund Management. He moved to England to study at the London School of Economics where he graduated with a Bachelors degree and three years after that earned a Masters degree in Philosophy. After school, it was hard for him to get a job and so he had to work as a waiter and as a porter at the railway. He wrote letters to some merchant traders, and only a few of them responded to his request and eventually was hired at Singer and Friedlander bank. He moved to the US after a colleague referred him to his father’s company and Soros took the job at F.M Mayer as an arbitrage trader. He worked at a number of other companies all the while developing his theories on reflexivity in the market which influence his trading. He founded a number of funds before the Soros Fund, which he started in 1970, such as Double Eagle, which is known as the Quantum Fund today. The two funds have had relative success with the latter being described as one of the most investor-friendly and successful hedge funds to date according to bloomberg.com.

Mr. Soros has not been limited to investing in the stock market only; he has also pursued a number of investments in the sports industry. He has been linked with parties interested in purchasing a number of sports franchises such as the Washington Nationals and Italian football team, AS Roma. Mr. Soros also owns Class A shares of English football team, Manchester United. Philanthropy is close to Mr. Soros’ heart, and he has supported a number of causes around the world with a relatively huge amount of his wealth. He has funded a number of education projects such as the Central European University and to a couple of Russian universities so that they could upgrade their internet infrastructure. Through the Open Society Foundation, he has worked to eradicate poverty in Africa and to sensitize against violence in former Soviet states. Mr. Soros is also a distinguished author and has a number of books to his name such as Open Society: Reforming Global Capitalism.