Ex-Duquesne Staff Launching $5 Billion Fund In January


Following the farewell of their commander-in-chief, Stanley Druckenmiller, who now gets to play golf and manage a family office, the former members of Team Duquesne have reassembled at the newly formed Point State Capital, with Sean Cullinan serving as CEO and 6 of the old boys taking roles as portfolio managers. Druckenmiller tossed the new shop about $1 billion (without the strings of an ownership stake) and the rest of the money comes from investors in the old fund. [Bloomberg]