Sorry!! The article you are trying to read is not available now.

Billionaire Hedge Fund Manager Misses Joy of Winning, Calls It Quits

Print comment Post Comments
Stanley Druckenmiller, the billionaire hedge fund manager best remembered for making a billion dollars for George Soros, has decided enough is enough, according to Bloomberg. Druckenmiller, who runs Duquesne Capital Management, reportedly grew tired of the stress of managing money for other people and is throwing in the towel. While Duquesne has never had a down year, the fund is this year down 5 percent.

"“While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain,” he wrote to his 100 clients today, according to Bloomberg.

The rest of the article chronicles how the six-foot-five Druckenmiller has several billion dollars, successfully navigated the 1987 stock market crash, loves the Pittsburgh Steelers, hits 300-yard drives and pretty much wins every contest he competes in from horseshoes to bocci, which makes him a bit like the Paul Bunyan of hedge fund managers.
POSITION:  No positions in stocks mentioned.