Saturday, 4 July 2015
Last updated 14 hours ago
Jan 14 2011 | 11:35am ET
The Duquesne Capital Management alumni at PointState Capital have launched their first hedge fund, the PointState Fund, with at least $1.5 billion, according to SEC filings.
PointState is believed to have raised $5 billion in assets—$1 billion from Duquesne’s Stan Druckenmiller himself, who has not taken an ownership stake in the new firm. The fund is the first of what is expected to be a number of launches.
PointState Capital was formed last year by Sean Cullinan and six other Duquesne alumni after Druckenmiller closed his 30-year-old, $12 billion fund.
PointState Capital is based in New York and named for the park in Pittsburgh where Fort Duquesne once stood.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…