Billionaire Stan Druckenmiller Invests $323.6m Of $4.4b Fortune In GoldBloombergAug. 23, 2015 |
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Billionaire Stan Druckenmiller’s family office bought gold and added to his holdings of Facebook Inc. in the second quarter. The former chief strategist for George Soros bought shares of SPDR Gold Trust, an exchange-traded product backed by gold, worth $323.6 million at the end of June, according to a quarterly filing with the Securities and Exchange Commission. [...]Druckenmiller, who shut his hedge fund firm Duquesne Capital Management in 2010, now manages his own fortune, estimated at $4.4 billion. His fund had one of the best track records in money management, gaining an average of 30 percent per year from its inception in 1986. Read More |