Duquesne Family Office is based out of New York. — With assistance by Laura Millan Lombrana. Stanley “Stan” Druckenmiller, chairman and chief executive officer of Duquesne Family Office LLC, speaks during the 21st annual Sohn Investment Conference in New York, U.S. (Photographer: Michael Nagle/Bloomberg) Tweet. '"[6] Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year. The five sons of Steelers founder Art Rooney Sr. were working to restructure ownership of the team, and Druckenmiller was contacted by a member or representative of the Rooney family about buying the shares of several of the Rooney brothers. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. Stanley Druckenmiller, Duquesne Family Office (photo credit: Scott Eells/Bloomberg)Stanley Druckenmiller once again shook up his stock portfolio in the latest quarter. Monday : 8:00 AM - 5:00 PM: Tuesday : Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. Duquesne Family Office, LLC 2015 - Jun 2020 5 years. DUQUESNE FAMILY OFFICE LLC | 8 followers on LinkedIn. The legendary investor’s Duquesne family office is the most diversified it has been in recent years. Crypto Coin Outperforming Bitcoin Is About to See Supply Reduced, Microsoft Attack Blamed on China Morphs Into Global Crisis, Nasdaq 100 Tumbles, Ends 11% Below Feb. 12 Record: Markets Wrap, Oil Falls Most in a Week With Stronger U.S. Dollar Cooling Rally, Citi Sees the Days of Traders Slamming Phones Coming to an End. Duquesne Family Office: Stanley Druckenmiller: 12.40%: $3696005000: 54: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Former Steelers President Dan Rooney stated that he has no ill will toward Druckenmiller, mentioning that he hopes the financier remains a great Steelers fan. Alcoa’s shares have fallen 9.9 since the end of December. Duquesne Family Office LLC operates as an investment management firm. They calculated that the Bank of England did not have enough foreign currency reserves with which to buy enough sterling to prop up the currency and that raising interest rates would be politically unsustainable. The Company serves customers in the State of New York. Meanwhile, the S&P 500 has skyrocketed more than … Duquesne Family Office LLC added Vale, with the purchase of ADRs that were valued at $25 million by Sept. 30, a filing showed Tuesday. [3][14][15][16], Druckenmiller advocates reducing spending on entitlement programs such as Social Security. Aluminum prices rallied last year, helping Pittsburgh-based Alcoa shares climb 92 percent as China’s drive to curb pollution spurred cuts at smelters in the Asian nation. Stanley F Druckenmiller is Chairman/CEO/Founder at Duquesne Family Office LLC. The firm bought 709,200 shares of U.S. Steel Corp. worth $25 million. [21], Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. 2019-08-20 sec.gov - 80 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. [2] Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. [17], In 2020, after the stock market crash and subsequent rally above pre-crash levels, Druckenmiller said he expects inflation in the US economy due to actions taken by the Federal Reserve.[19]. [13] Druckenmiller has three daughters with Biggs: Sarah, Tess, and Hannah. Stock Company Name % of Portfolio Shares Value % Change Change He indicated it was not easy to make big profits while handling very large sums of money. Billionaire investor Stan Druckenmiller’s Duquesne Family Office LLC added Vale, with the purchase of ADRs that were valued at $25 million by Sept. 30, a filing showed Tuesday. Stanley Druckenmiller made it big as a hedge fund manager for 30 years. On September 18, Druckenmiller withdrew his bid to purchase the team.[24]. [2] He grew up in a middle-class household in the suburbs of Philadelphia. In other filings, billionaire investor Stan Druckenmiller’s Duquesne Family Office LLC cut its holdings in iron-ore producer Vale SA by a third. His long-term track record, making returns of about 30% a year over three decades, established him as one of the world’s top money mangers. [3] At the time of closing, Duquesne Capital had over $12 billion in assets. [2] His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey (a section of Greenwich Township, Gloucester County, New Jersey) and then in Richmond, Virginia (his sisters, Helen and Salley, would stay with their mother in Philadelphia). Soros Fund Management LLC sold all its remaining 123,787 stake in the aluminum producer in the fourth quarter, a separate filing showed. He has an estimated net worth of $5.8 billion, according to the Bloomberg Billionaires Index. He is the former chairman and president of Duquesne Capital, which he founded in 1981. [2] He dropped out of a three-year 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. At the time of closing, Duquesne Capital had over $12 billion in assets. New York, New York Investor Eton Park Capital Management 2012 - 2015 3 years. Druckenmiller is also Chairman of the Board of Harlem Children's Zone, a multi-faceted, community-based project. In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week. Upbeat Chinese Data May Not Ease Emerging-Market Taper Gloom, What’s in the Senate’s $1.9 Trillion Stimulus Bill, Yellen Says Stimulus Unlikely to Cause Inflation Problem, Top Irish Securities Firm Stripped of Dealership in Scandal. In 2009, Druckenmiller was the most charitable man in America,[20] giving $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. Based on our review of the quarterly filings that entire position was established between … [17] Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey. Arrowstreet Capital Ltd. Partnership and Two Sigma Advisers LP were also Vale buyers last quarter. He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits, in an event known as Black Wednesday. He closed the fund in August 2010 because he felt unable to deliver high returns to his clients. In 1976, he married his high school sweetheart; they divorced in 1980. By the end of December, Elliott Management owned 2.9 million shares in Alcoa, compared with 8.3 million the previous three months, a regulatory filing showed. In 1975, he received a BA in English and economics from Bowdoin College (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. Money managers who oversee more than $100 million in the U.S. must file a Form 13F within 45 days of each quarter’s end to list those stocks as well as options and convertible bonds. 1026 Duquesne Blvd Duquesne, PA 15110 (412) 469-3627. In fact, he said the Duquesne Family Office's returns just reached double digits last week. A premium alternative for hedge funds and private asset managers — Duquesne Fund Services offers a rare level of consultative insight and premier fund servicing solutions. [12], Druckenmiller has been married twice. )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of … [9] His biggest investments are Microsoft and Amazon in 2020. Paul Singer’s Elliott Management Corp. pared its stake in Alcoa Corp. by almost two-thirds last quarter and billionaire George Soros’s hedge fund exited. As part of his agreement with Dreyfus, he also maintained management of Duquesne. Druckenmiller's Duquesne Family Office reportedly bought up 1.68 million shares of VanEck Vectors Oil Services ETF . How the Fed Is Bringing an Inflation Debate to a Boil: QuickTake The Company serves customers in the State of New York. See Stanley F Druckenmiller's compensation, career history, education, & memberships. Duquesne Family Office LLC Info: Size ($ in 1000's) At 12/31/2020: $3,712,696 At 09/30/2020: $3,444,777 Duquesne Family Office LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Duquesne Family Office LLC 13F filings. NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment. His funds were down for about 5 percent when he announced his retirement in August. Stanley Freeman Druckenmiller (born June 14, 1953)[2] is an American investor, hedge fund manager and philanthropist. Yellen Sees U.S. Labor Market Being Back on Track by Next Ye... Elliott pared holdings by two-thirds before Alcoa earnings, Soros sold all its 123,737 stake in Alcoa in fourth quarter. He now manages his money through a family office. However, they had since erased the losses and closed with a small gain through successful bets that the market would rally in anticipation that the Federal Reserve would announce further "Quantitative Easing" to assist in reducing unemployment and avoid deflation. [22] The Stanley F. Druckenmiller Hall, built in 1997 at Bowdoin College, is named after Druckenmiller's grandfather and was dedicated to Bowdoin by Druckenmiller himself. In 2013, Druckenmiller and Canada toured college campuses urging reform in taxation, health care, and Social Security to ensure intergenerational equity. NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment. $292 million or 29.88% of that was invested in the SPDR Gold Trust. Have a confidential tip for our reporters? Top Irish Securities Firm Shuts Bond Desk as Scandal Ripples... Biden’s Giant Stimulus to Easily Pass House, Democrats Say, American Air Borrowing $7.5 Billion in Loyalty-Backed Debt. Stan Druckenmiller’s Duquesne Family Office LLC bought 2.85 million shares in Barrick, adding the Toronto-based company to its holdings in the period ended March 31, according to … Their last reported 13F filing for Q4 2020 included $3,712,696,000 in managed 13F securities and a top 10 holdings concentration of 60.48%. According to Bloomberg News, on August 18, 2010, Druckenmiller announced the closing of his hedge fund "telling investors he'd been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an 'enormous amount of capital. At December 31, 2015 the Duquesne Family Office managed by Druckenmiller reported $977 million of assets. Duquesne Family Office Holdings Heatmap . [8], According to The Wall Street Journal, on August 18, 2010, Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." [10], Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency. Duquesne Family Office LLC Info: Size ($ in 1000's) At 12/31/2020: $3,712,696 At 09/30/2020: $3,444,777 Duquesne Family Office LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Duquesne Family Office LLC 13F filings. [4] He is reported to have made $260 million in 2008. DUQUESNE FAMILY OFFICE LLC is an investment banking company based out of 2579 WASHINGTON RD, … )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of … [5] He became head of the bank's equity research group after one year. In 2006, Druckenmiller gave $25 million to the organization. Community Family Practice Upmc. In other filings, billionaire investor Stan Druckenmiller ’s Duquesne Family Office LLC cut its holdings in iron-ore producer Vale SA by a third. )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of … NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment. Harlem Children's Zone was founded by Druckenmiller's college friend and fellow Bowdoin College alumnus Geoffrey Canada. 2017-02-14 sec.gov - 32 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. [2] In 1988, Druckenmiller married Fiona Katharine Biggs, a Barnard College graduate and niece of investor Barton Biggs, in an Episcopalian ceremony. Druckenmiller, 66, the former chief strategist for George Soros, converted his hedge fund into Duquesne Family Office in 2010. [18] In 2015, Druckenmiller donated $300,000 total to the presidential candidacies of Christie, Jeb Bush, and John Kasich. Filings released this month do not include hedge funds’ current position, which may have changed since the end of the quarter. He is profiled in the book The New Market Wizards by Jack D. Schwager. Druckenmiller began his financial career in 1977 as a management trainee at Pittsburgh National Bank. Until 2000, he worked for George Soros. Duquesne Family Office LLC operates as an investment management firm. Stanley Druckenmiller was more bullish on U.S. stocks in the last months of 2019.During the fourth quarter, his Duquesne Family Office boosted its … [6] He left Soros in 2000 after taking large losses in technology stocks. A former chief strategist for billionaire philanthropist George Soros, Druckenmiller converted his hedge fund into Duquesne Family Office in 2010. The sales from Elliott and Soros may have been timely: the euphoria that sent the stock to a nine-year high in mid-January is waning as investors pull back after the company said higher input costs offset surging aluminum prices last quarter, eroding earnings growth. Daniel S. Bowman, Family Office Executive, Tibbetts Family Holding Co. LLC. Stanley Freeman Druckenmiller (born June 14, 1953) is an American investor, hedge fund manager and philanthropist. His long-term track record, making returns of about 30% a year over three decades, established him as one of the world’s top money mangers. Greenwich Township, Gloucester County, New Jersey, Pittsburgh Post-Gazette: "Steelers' suitor Stanley Druckenmiller has always been good at making money" By Bill Toland, Forbes: The World's Billionaires - Stanley Druckenmiller, "Druckenmiller: Fed policy 'fraught with unappreciated risk, "Druckenmiller Calls It Quits After 30 Years as Job Gets Tougher", "Soros Shuffles Management as Big Funds Struggle", "Duquesne Alumni Said to Start New Hedge Fund With $5 Billion", "Druckenmiller to Shutter His Hedge Fund", "Stanley Druckenmiller Portfolio / Duquesne Family Office LLC Holdings", "Duquesne Family Office LLC - Latest 13F Holdings", "Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview", "Wall Street Titans & Their Warbling Daughters", "Sarah Druckenmiller, Maximilian Cascante", "The Fabulous Lives Of Wall Street's Kids", "From Fracking to Finance, a Torrent of Campaign Cash", "Christie's Camp Mobilizes to Salvage White House Hopes", "Druckenmiller Says Inflation Could Reach as High as 10%", "45,000 Walkers Raising $6 Million Prove AIDS Walk New York Steps Still Lead the Way", "Druckenmiller withdraws name from Steelers sale", More Money Than God: Hedge Funds and the Making of a New Elite, "Druckenmiller to become full-time philanthropist", https://en.wikipedia.org/w/index.php?title=Stanley_Druckenmiller&oldid=1004122668, Horace H. Rackham School of Graduate Studies alumni, People from Greenwich Township, Gloucester County, New Jersey, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 February 2021, at 04:35. In early 2019 he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines. NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment. 2019-08-20 sec.gov - 86 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2019-08-20 sec.gov - 82 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. [7] Since then, he has concentrated full-time on Duquesne Capital. He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund. Stanley Druckenmiller's Duquesne Family Office LLC was long gold futures ahead of last week's Brexit vote, a source familiar with the matter said on Monday. He is the former chairman and president of Duquesne Capital, which he founded in 1981. [11] In November 2020, he stated that he owned both gold and bitcoin. 1)* PURE STORAGE INC. (Name of Issuer) Class A Common Stock, Par Value … PSTG / Pure Storage, Inc. / Duquesne Family Office LLC - SCHEDULE 13G/A, AMENDMENT #1 Passive Investment. Adds Duquesne buying US Steel in last paragraph. [23], In July 2008, Druckenmiller emerged as a potential investor in the Pittsburgh Steelers franchise of the National Football League. Druckenmiller, 66, the former chief strategist for George Soros, converted his hedge fund into Duquesne Family Office in 2010. Community Family Practice Upmc, a Medical Group Practice located in Duquesne, PA. ... Community Family Practice Upmc Office Locations. On March 31 st, 2019, Duquesne Family Office’s equity portfolio was valued $3.45 billion, which is almost double the value it had at the end of the previous quarter ($1.73 billion). In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund. He closed the fund in August 2010 because he felt unable to deliver high returns to his clients. Daniel Bowman is the Family Office executive for a single family office, serving four generations. In 1981, he founded his own firm, Duquesne Capital Management. 2019-08-20 sec.gov - 74 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. Duquesne Family Office LLC - Stanley Druckenmiller - 13F Filing - June 30, 2020 13F-HR June 30, 2020 - Manager: Stanley Druckenmiller Investor: Duquesne Family Office LLC: Market Value: 3,267,838,000: Total Holdings: 72: ... Bloomberg - Business … Druckenmiller was born in Pittsburgh, Pennsylvania, the son of Anne and Stanley Thomas Druckenmiller, a chemical engineer. Before it's here, it's on the Bloomberg Terminal. Duquesne sold 812,200 Vale American Depositary Receipts, leaving its stake at 1.67 million. Bush). Top 50 Duquesne Family Office Holdings . Duquesne Family Office LLC - Stanley Druckenmiller - 13F Filing - 2018-12-31 13F-HR 2018-12-31 - Manager: Stanley Druckenmiller Investor: Duquesne Family Office LLC: Market Value: 1,727,268,000: Total Holdings: 31: File Date: 2019-02-14: Original Filing: … The Family Office grew out of the sale of the family’s domestic lumber company, the largest privately held building material dealer in the Southeastern United States. Elliott Management was the third-largest Alcoa shareholder as of the third quarter. Duquesne Family Office's largest holding is Microsoft Corp. with shares held of 2,638,074. )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of … Arrowstreet Capital Ltd. …
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