Thursday, 18 December 2014
Last updated 5 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.