Billionaire Philanthropist Foresees Additional Market Declines
April 3, 2008
Billionaire philanthropist George Soros said markets will fall more this year after a brief rebound, calling the current financial crisis the worst since the Great Depression, reports Bloomberg.
Worried about market disruptions, Mr. Soros returned last summer to a more active role in managing the $17-billion Quantum Endowment Fund, whose profits support his philanthropy.
