Summary
NEW YORK/BOSTON (Reuters) - Stanley Druckenmiller, the investor best known as a key architect of billionaire investor George Soros' famous bet against the British pound, is closing his hedge fund firm after 30 years.
In a letter sent to his 100-plus investors on Wednesday [Aug. 18], Mr. Druckenmiller, the 57-year-old chief executive of $12 billion Duquesne Capital Management, said he was dissatisfied with his recent performance and that running the firm has taken a toll on him both professionally and personally.See the full content of this document
Extract
Duquesne's Druckenmiller Retiring After 30 Years
"I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs," he said. "While the joy of winning for clients is immense, ...
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