PointState Capital Launches First Fund With Over $1.5B

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.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.