Stanley Druckenmiller Decides to Punt: Soro’s Ex-Manager to Close Shop

Stanley Druckenmiller Decides to Punt

MONEY & INVESTING: The Wall Street Journal, Thursday,  August 19, 2010, By Jenny Strasburg and Mark Gongloff:

“Billionaire investor Stanley Druckenmiller told clients he is ending a 30-year run as one of the industry’s most successful hedge-fund managers … The 57-year old fund boss…will still have some $8 billion to invest himself and divy (divide) up among portfolio managers currently working for him, say people familiar with the firm (Duquesne Capital Management).”

Punting (to punt) is a football term. A team punts (kicks the ball to the opposing team)  during a “4th down” of a football game.  (See alphabitized list in  “to kick the ball to the opposing team, usually on the fourth down, when the ball needs to be turned over to the opposing team.”)



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