Last Updated: 29 Mar, 2024 | Views: 526
Age: 71
Profession: Business Men
Other Profession(s): Philanthropist, Investor, Hedge Fund Manager
Famous For: Founding and managing Duquesne Capital
Higher Education: Bowdoin College (BA), University of Michigan
Net Worth: $6.4 Billion
About (Profile/Biography):
Stanley Druckenmiller was born June 14, 1953 in Pittsburgh, Pennsylvania, U.S. Stanley Druckenmiller is an American billionaire investor, philanthropist, and former hedge fund manager. Stanley Druckenmiller is the former chairman and president of Duquesne Capital, founded in 1981. Stanley Druckenmiller received a B.A. in English and economics from Bowdoin College. Stanley Druckenmiller dropped out of a Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank.
Stanley Druckenmiller Career:
Stanley Druckenmiller Investment Career:
• Stanley Druckenmiller began his financial career in 1977 as a management trainee at Pittsburgh National Bank.
• Stanley Druckenmiller became head of the bank's equity research group after one year. In 1981, he founded his firm, Duquesne Capital Management.
Stanley Druckenmiller Become Consultant to Dreyfus:
• In 1985, Stanley Druckenmiller became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week.
• Stanley Druckenmiller moved to Pittsburgh full-time in 1986 when he was named head of the Dreyfus Fund.
Stanley Druckenmiller Become Top-down Investor
• Stanley Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency.
• In early 2019, Stanley Druckenmiller held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines.
Stanley Druckenmiller Interest in Politics
• Stanley Druckenmiller advocates reducing spending on entitlement programs such as Social Security.
• Stanley Druckenmiller was a significant supporter of Republican Governor Chris Christie of New Jersey.
Stanley Druckenmiller Work As Philanthropist
• In 2009, Stanley Druckenmiller donated $705 million to foundations that support medical research, education, and anti-poverty, including a $100 million gift to found a Neuroscience Institute at the NYU School of Medicine.
• In 2010, Stanley Druckenmiller announced that he would close his Duquesne Capital hedge fund to spend more time on philanthropy, according to Bloomberg.com.
Stanley Druckenmiller Unknown Facts
Become Investor of Football International League: In July 2008, Stanley Druckenmiller emerged as a potential investor in the Pittsburgh Steelers franchise of the National Football League.
Work as Oil Analyst: In 1975, Stanley Druckenmiller accepted a position as an oil analyst for Pittsburgh National Bank.
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