Stanley Druckenmiller

Stanley Druckenmiller (1946-present) formerly managed money for George Soros, and now dedicates himself to work full time at Duquesne Capital which he founded in 1981. He is married to Dreyfus Corporation (a Mellon Financial Corporation subsidiary) manager Fiona Biggs, niece of former Morgan Stanley global investment strategist Barton Biggs. In 1985, he became a consultant to Dreyfus and lived in New York City two days each week. He moved there full-time when he was named head of the Dreyfus Fund. He was hired by George Soros in 1988 to replace Victor Niederhoffer at Quantum Fund. With an estimated current net worth of around $3.5 billion, he is ranked by "Forbes" as the 91st-richest person in America. He left Soros in 2000 after taking large losses in technology stocks. Since then he concentrated full time on Duquesne Capital, which has had a very successful track record. He is profiled in the book "The New Market Wizards" by Jack D. Schwager.

Druckenmiller is also chairman of the board of the renowned Harlem Children's Zone, a multi-faceted, community-based project that, according to their website available here * [http://www.hcz.org] , "is a pioneering, non-profit, community-based organization that works to enhance the quality of life for the children and families in some of New York City's most devastated neighborhoods." Harlem Children's Zone was founded by Druckenmiller's college friend and fellow Bowdoin College alum Geoffrey Canada. Stanley & Fiona are also principal sponsors of the New York City AIDS walk. Stanley has three daughters.

In July 2008, Druckenmiller emerged as a potential investor in the Pittsburgh Steelers franchise of the National Football League. The five sons of Steelers founder Art Rooney Sr. are working to restructure ownership of the team and Druckenmiller was contacted by a member or representative of the Rooney family about buying the shares of several of the Rooney brothers.

chool

Druckenmiller is a graduate of Collegiate School in Richmond, Virginia. He holds BAs in English and economics from Bowdoin College and graduated in 1975. He dropped out of a three-year Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as a stock analyst for Pittsburgh National Bank.

References

* [http://www.forbes.com/lists/2006/10/LY6W.html 2006 Forbes List of World's Richest] (includes photo)
* [http://www.bowdoin.edu/news/archives/1bowdoincampus/000460.shtml College Info]
* [http://www.aidswalk.net/newyork/getinvolved/sponsors.html]

External links

* [http://www.streetstories.com/druckenmiller.html Stanley Druckenmiller and George Soros, a Hedge Fund Pair] http://sports.espn.go.com/nfl/news/story?id=3596666

Further reading

cite book
last = Schwager
first = Jack D.
authorlink = Jack D. Schwager
title = The New Market Wizards
publisher = Wiley; New Ed edition
date = 1995
location = 13 pages
id = ISBN 0-471-13236-5