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ABOUT QUANTUM FUNDS The Quantum Group of Funds are
privately owned hedge funds based on Cura?ao (Netherlands Antilles) and Cayman
Islands. They are currently advised by George Soros through his company Soros
Fund Management. Soros started the fund in the early 1970's along with Jim
Rogers. The shareholders of the funds are not publicly disclosed although it is
known that the Rothschild family and other wealthy Europeans put $6 million into
the funds in 1969.
In 1992, the lead fund, Soros's Quantum Fund became
famous for "breaking" the Bank of England, forcing it to devalue the pound.
Soros had bet his entire fund in a short sale on the prediction that the British
currency would drop in value (it did), a coup that netted him a profit of $1
billion.[citation needed] In 1997, Soros was blamed for forcing sharp
devaluations in Southeast Asian currencies.
Directors Richard
Katz "An investment banker specializing in international finance,
Mr. Katz was a director of N.M. Rothschild & Sons Limited, London, England
from 1977 until March 1993, having joined them in 1969; he was also a managing
director of Rothschild Italia S.p.A., Milan, Italy from its inception in 1989
until December 1993. Mr. Katz has been a supervisory director of Quantum Fund
N.V., a Netherlands Antilles investment fund, or one of its subsidiaries, since
1986. He is also a member of the board of supervisory directors of a number of
other investment funds affiliated with Mr. George Soros, including Quantum
Emerging Growth Fund N.V., and is the Chairman of the board of supervisory
directors of Quota Fund N.V., and the Chairman of the boards of advisors of
Quantum Realty Fund Limited, Asian Infrastructure Development Fund Ltd., and
Quantum Industrial Holdings LDC, a shareholder of the Company. Mr. Katz has
served as Vice Chairman of the board of directors of Outboard Marine Corp., a
Delaware company listed on the American Stock Exchange, since September 1997.
Mr. Katz has also served since July 1998 as a non-executive director of Delancey
Estates Plc, which is listed on the London Stock Exchange."
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