Wednesday, 22 October 2014
Last updated 15 hours ago
Jul 15 2013 | 9:55am ET
Duquesne Capital Management founder Stanley Druckenmiller is backing Facebook founder Mark Zuckerberg’s U.S. immigration reform campaign.
Druckenmiller, whose hedge fund delivered average annual returns of 30% from 1986 until he returned all outside money in 2010, becomes the first Wall Street veteran to contribute to the bipartisan advocacy group FWD.us.
In doing so, Druckenmiller joins a group of leading technology lights, including Microsoft Corp. Chairman Bill Gates and LinkedIn Corp. Executive Chairman Reid Hoffman, who have already contributed to FWD.us.
Founded earlier this year, Zuckerberg's group lobbied to help get a comprehensive immigration bill passed by the U.S. Senate on June 27.
“As a New Yorker, it is easy to appreciate the role immigration has played in making America the dynamic and competitive economy it has been throughout our history,” Druckenmiller said in an e-mailed statement. “I was pleased to see FWD.us and the tech community come together with a new and innovative approach to play a key role in helping push critical reforms through Senate passage.”
The Senate bill provides a path to citizenship for America's 11 million undocumented immigrants while also allocating $46 billion to border security. The bill actually achieved bipartisan support in the Senate, with 14 Senate Republicans helping Democrats pass it, but many House Republicans oppose the citizenship plan.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...