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George Soros Spends New Year's in Vietnam

Jan 02, 2013
Jing Chen

How is one of the world’s most prominent individuals in the hedge fund industry bringing in the New Year?

Vietnamese news outlet Tuoitrenews reported that George Soros arrived in Da Nah, a major port city in Vietnam, on Saturday for a three-day trip to ring in 2013.

The article said that Soros, who is known as “The Man Who Broke the Bank of England” because of his $1 million investment profit during the 1992 Black Wednesday U.K. currency crisis, is spending his vacation in the city’s most luxurious resort, the InterContinental. Other details of Soros’ trip were not disclosed.

Soros’ firm, Soros Fund Management, is now a family office after it returned all outside capital last July to avoid reporting requirements under the Dodd-Frank Act.

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