Monday, 4 May 2015
Last updated 6 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…