FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, today announced that international financier and Quantum Fund co-founder, Jim Rogers, was named Honorary Chairman of the Fourth International Digital Entertainment Industry Investment and Finance Summit recently produced and hosted by FAB Universal at the Shenzhen Convention and Exhibition Center. Additionally, Mr. Rogers signed a Memorandum of Understanding outlining a potential investment in FAB Universal. More than 200 FAB Universal kiosk Agents and Licensees from several cities attended the event and nearly 50 new Licensees were signed during the two day Summit. With the theme of Entertainment China, Digital City, the Summit brought together more than 800 top industry executives including Yan Xiaohong, Deputy Director of the State Administration of Press, Publication, Radio, Film and TV. - in pymnts.com
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.