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Friday, October 1, 2010

George Soros meets with Sierra Leone President in New York

President Koroma’s meeting with Billionaire George Soros in New York

While he was in New York last week to attend the 65th Session of the United Ntions General Assembly , President Ernest Bai Koroma and Foreign Minister Mrs. Zainab Bangura held many bilateral and business meetings with Sierra Leone’s development partners and prospective investors in Sierra Leone. The business partners and investors are highly impressed by President Koroma’s outstanding leadership and the brilliant manner he has created an enabling atmosphere for trade , commerce and investment in Sierra Leone.
One of the development partners that President Koroma had a meeting with was Billionaire George Soros, a stock investor, businessman, philanthropist, and liberal political activist, who has been a prominent international supporter of democratic ideals and causes for more than 30 years. His support for Sierra Leone and association with President Koroma demonstrates the profound confidence that the Head of State has inspired in Sierra Leone’s partners-in-progress.
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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.