Duquesne’s Druckenmiller says retiring after 30 years

NEW YORK, Aug 18 (BestGrowthStock) – Stanley Druckenmiller, a key
player in George Soros’ famous bet against the British pound
that earned him $1 billion, said he is closing his firm after
30 years.

In a letter sent to his 100-plus investors on Wednesday,
Druckenmiller, chief executive officer of Duquesne Capital
Management, said “competing in the markets over such a long
timeframe imposes heavy personal costs.”

His Duquesne Capital Management, which oversees $12 billion
and has never had a losing year, is down 5 percent in 2010.

Duquesne’s Druckenmiller says retiring after 30 years