Duquesne Family Office LLC
| ISIN | 🆔 |
|---|---|
| Industry | Investment management |
| Founded 📆 | 2010 |
| Founder 👔 | |
| Headquarters 🏙️ | New York City, U.S. |
Area served 🗺️ | |
Key people | Stanley Druckenmiller |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Duquesne Family Office is a New York-based investment management firm, founded in 2010 by Stanley Druckenmiller.[1][2] As of 2016, the firm reported $1,026B in managed securities and a portfolio with a 23.8 percent allocation in the materials sector, a 15.3 percent allocation in the health care sector, and a 14.6 percent allocation in the communications sector.[3][4]
History[edit]
Founder, Stanley Druckenmiller worked for Soros Fund Management from 1992-2000 then later started Duquesne Capital Management.[5] In 2010, he left Duquesne Capital Management to start Duquesne Family Office.[6]
In 2015, Duquesne Family Office paid $324 million for 2.8 million shares in the SPDR Gold Trust (GLD), the largest physical gold exchange-traded fund.[7]
In 2016 Q4, the fund invested 5.37% in Citigroup Inc[8] and bought 1.4 million shares in Freeport, the largest publicly traded copper producer, to expand its holding by 41 percent.[9]
In 2017, Duquesne Family Office increased its stake in Nucor Corp., the largest U.S. steelmaker, to 80 percent.[10]
Druckenmiller ranked 12th in Forbes' "Highest-Earning Hedge Fund Managers" in 2017.[11]
References[edit]
- ↑ "DUQUESNE FAMILY OFFICE LLC". NASDAQ. NASDAQ. Retrieved 29 March 2017.
- ↑ "Stanley Druckenmiller". Forbes. Forbes. Retrieved 29 March 2017.
- ↑ "DUQUESNE FAMILY OFFICE LLC". Whale Wisom. Whale Wisdom. Retrieved 29 March 2017.
- ↑ Sands, Sarah (August 25, 2016). "Assessing Duquesne Family Office's Holdings in 2Q16". Market Realist. Retrieved 29 March 2017.
- ↑ Sands, Sarag (January 23, 2017). "What Is Stanley Druckenmiller's View on the Market?". MarketRealist. Retrieved 29 March 2017.
- ↑ "Stanley Druckenmiller Founder, Duquesne Family Office". Forbes. Retrieved 29 March 2017.
- ↑ Finnigan, Michael (August 18, 2015). "DUQUESNE FAMILY OFFICE MAKES $324 MILLION BET ON GOLD". campden FB. Retrieved 29 March 2017.
- ↑ Siggers, Kurt (March 27, 2017). "Applied Genetic Technologies (AGTC) Forms $6.65 Double Bottom; Capstone Asset Management Company Has Cut Citigroup (C) Stake By $3.01 Million". Wolcott Daily. Retrieved 29 March 2017.
- ↑ Javier, Luzi-Ann (November 14, 2016). "Druckenmiller Buys Freeport Before Shares Jump to 15-Month High". Bloomberg. Retrieved 29 March 2017.
- ↑ Javier, Luzi-Ann (March 7, 2017). "Steel Delivers Big Payoff Long Before Trump Spends $1 Trillion". Bloomberg. Retrieved 29 March 2017.
- ↑ "Highest-Earning Hedge Fund Managers 2017". Forbes. Forbes. Retrieved 29 March 2017.
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