Reuters: The hedge fund industry's proverbial 'two traders and a terminal in Mayfair' are back.
But starting your own hedge fund is likely to prove a much less lucrative venture for the foreseeable future, thanks to hard bargaining by investors
The new firm will be known as Point State Capital, named for a park in Pittsburgh where Fort Duquesne once stood.
Of the $5 billion raised, $1 billion will come from Stanley Druckenmiller, and the remainder from former investors in Duquesne Capital Management.
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
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