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Duquesne Family Office

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Duquesne Family Office is a New York-based investment management firm, founded in 2010 by Stanley Druckenmiller. As of 2016, the firm reported $1,026B in managed securities and a portfolio with a 23.8 percent allocation in the materials sector, a 15.3 percent allocation in the health care sector, and a 14.6 percent allocation in the communications sector.


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Overview

In 2015, Duquesne Family Office paid $324 million for 2.8 million shares in the SPDR Gold Trust (GLD), the largest physical gold exchange-traded fund.

In 2016 Q4, the fund invested 5.37% in Citigroup Inc and bought 1.4 million shares in Freeport, the largest publicly traded copper producer, to expand its holding by 41 percent.

In 2017, Duquesne Family Office increased its stake in Nucor Corp., the largest U.S. steelmaker, to 80 percent.


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Founder

Stanley Druckenmiller worked for Soros Fund Management from 1992-2000 then later started Duquesne Capital Management. In 2010, he left Duquesne Capital Management to start Duquesne Family Office.

Druckenmiller ranked 12th in Forbes' "Highest-Earning Hedge Fund Managers" in 2017.

Source of the article : Wikipedia



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