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canada goose deals 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. canada goose deals
Canada Goose Outlet Stanley Druckenmiller and George Soros in an April 2000 photo. REUTERS/Peter Morgan Canada Goose Outlet
Canada Goose online In a letter sent to canada goose store his 100 plus investors on Wednesday, 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 canadian goose jacket firm has cheap Canada Goose taken a toll on him both professionally and personally. Canada Goose online
have had to recognize that competing in canada goose clearance the markets over such a long time Canada Goose Jackets frame imposes heavy personal costs, he said. the joy of winning for clients is immense, for me the disappointment uk canada goose of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.
Canada Goose Jackets Druckenmiller did not say exactly what he plans to do next but canada goose uk shop told investors he would be hosting meetings in Pittsburgh and New York in the next weeks to meet with them and answer their questions. Canada Goose Jackets
canadian goose jacket New York canada goose uk outlet based Duquesne specializes in selecting growth oriented value stocks and has never had a losing year in its 30 years. Druckenmiller, canada goose uk black friday who acquired expertise in making global bets on interest rates and currencies while working at Soros Fund Management, posted an average annual return of 30 percent at his fund for decades. canadian goose jacket
Canada Goose sale A spokesman said the fund is off 5 percent this year as the average canada goose fund is up 1.52 percent. Canada Goose sale
canada goose coats our clients were certainly canada goose coats on sale pleased cheap canada goose uk that we achieved positive results for 2008 and 2009 in a challenging environment, as you may have surmised I was dissatisfied with those results because they did not match my own, internal long term standard, Druckenmiller said. canada goose coats
buy canada goose jacket cheap ENVIABLE buy canada goose jacket cheap RECORD Druckenmiller, who earned an undergraduate degree from Bowdoin College, has amassed one of the most enviable records in the $1.6 trillion hedge fund industry. And in doing so, Druckenmiller has amassed a personal fortune of his own. Forbes magazine, in its 2009 ranking of the richest Americans, estimated his net worth at $3.5 billion. buy canada goose jacket cheap
canada goose store He got his start Canada GooseOutlet in money management soon after college when he quit plans to earn a doctorate and joined a Pittsburgh based bank as a stock analyst. canada goose store
canada goose black friday sale But after years of managing other people fortunes, Druckenmiller joins a small but growing number of stars who are cutting their careers Canada Goose Coats On Sale short. canada goose black friday sale
continue to care deeply about performing for our clients, and canada goose factory sale the stress of performing in a way that I consider to Canada Goose Online be disappointing even if you do not share that view persists in exacting a high emotional toll, with the result that I have concluded that this change is necessary, Druckenmiller told his investors.
canada goose coats on sale Druckenmiller most buy canada goose jacket public claim to fame came when as the Canada Goose sale chief investment officer for Canada Goose online industry legend George Soros, he helped engineer a huge bet against the British pound in 1992. It earned the firm $1 billion and helped keep Britain out of Europe common currency union. canada goose coats on sale
cheap Canada Goose Ten years ago when Soros reorganized his Quantum Fund and Canada Goose Parka adopted less aggressive investment strategies, Druckenmiller left to concentrate exclusively on running Duquesne, the firm he had founded years earlier. cheap Canada Goose
Canada Goose Parka Druckenmiller defensive plays conserved value and cemented his reputation as a star. In 2006, he ranked among the top earners in an industry where managers like Druckenmiller can collect a 20 uk canada goose outlet percent performance fee. Canada Goose Parka
buy canada goose jacket Together with Daniel Benton and Louis Bacon, Druckenmiller quickly became part of the new establishment in hedge funds, taking over from his canada goose coats former boss and other elder industry statesman, Julian Robertson, about a decade ago. buy canada goose jacket
canada goose clearance sale But the following years canada goose clearance sale were difficult for the young stars and the old guard alike as they faced fallout from the bursting of the technology bubble, the introduction of the new European currency, a bear market, and then the subprime mortgage crisis, which in 2008 left the hedge fund industry with canada goose black friday sale its worst ever returns. canada goose clearance sale
canada goose Some of the aging young stars bristled at the ceaseless demands their jobs imposed, often keeping them away from young children and scuttling countless family vacations canada goose.