Found this old, but great profile of Stanley Druckenmiller on AR, thought some of you might like it.
http://www.absolutereturn-alpha.com/Article/1218625/Search/The-anti-institution.html
| +28 | Would you work at this distressed fund? | 6 | 1d |
| +21 | Choosing a Seat in an AI World | 6 | 14h |
| +21 | How much of success in this career is just luck | 1 | 1d |
| +14 | Feeling unqualified for new job | 5 | 1d |
| +13 | Interview at Macro HF , what should I expect? | 3 | 3d |
| +12 | SM HF to LO as a junior? | 4 | 2d |
| +9 | At what point is it no longer luck | 1 | 7h |
| +9 | Hedge Fund Sector Advice | 4 | 22h |
| +7 | Covering less deployed sector | 2 | 1d |
| +6 | Data science at SM | 1 | 6h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
You know he closed down Duquesne Capital, right? http://www.hedgetracker.com/article/Stanley-Druckenmiller-prepares-to-c…
Fortunately for job seekers, some of Druckenmiller's top lieutenants have recently launched their own shops: Harbor Bridge Emerging Markets http://www.hedgetracker.com/fund/Harbor-Bridge-Emerging-Markets PointState Capital http://www.hedgetracker.com/fund/PointState-Capital
^^^^ He stated he was frustrated how he "miss called" the 2010 bond market. Pride and 30 straight winning years must of worn on him...Nobody knows but him. He is probably just giving back outside money and trading is own.
The book "More Money Than God" - which is exceptionally interesting and informative, at least once you get past the first bit which is somewhat more bland - makes a strong case for Druckenmiller being a truly genius investor... it seems he'd have been even more successful in his early years managing Quantum for Soros had Soros' sense of philanthropy / need to feel like a good person not gotten in the way... the book paints Druckenmiller as sort of a combination threat unlike any other HF investor... pretty baller.
I'll have to check out that book, sounds pretty interesting.
One awesome thing about that AR/Alpha article is how candid it is about fund organization, comp, turnover, etc. I feel like you couldn't write an article like that about a major fund these days because hedge funds have become so heavily scrutinzed and coverage has gotten so political versus 2006.
Great find Jorge. Bessent considers Druckenmiller the perfect synthesis of a trader and an analyst in Inside the House of Money.
Druckenmiller is an absolute G! His profile in New Market Wizards is fairly decent too.
@GoodBread, I also recall him calling Druckenmiller "A Money Making Machine." The man's a legend.
@Kenny, Yeah dude, that's exactly why I posted it. Its pretty hard to find stuff like these nowadays and the insight into Duquesne the article had was very illuminating.
Co-sign on Inside the House of Money, you'd actually see that Soros was more of a detriment to Quantum at times rather than the God most make him out to be.
@etrain, Yeah, his profile in NMW is one of my favorites. Hoping that Schwager or Drobny can get a hold of him for another book.
Laudantium eum et doloremque voluptas est dolore deserunt. Itaque sapiente odio rem. Veniam ab suscipit sed aliquam aspernatur eos maiores velit. Labore sunt non quia voluptatem quod ab.
Ullam magni nihil ex. Distinctio aliquam ab sit ea. Rerum saepe soluta nam similique ducimus. Similique inventore animi accusamus nulla consectetur.
Ut est qui quam qui. Non expedita unde facere quam. Minus iure veritatis illum non nobis impedit accusantium et. Pariatur libero unde iure suscipit reiciendis culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...