TECK - Hedge Fund Legend Druckenmiller Shares His Top Secrets For 30% Returns | Benzinga
Legendary hedge fund manager Stanley Druckenmiller is known for making the right bets at the right time.
He came to fame In the early ’90s after a short against the British pound earned George Soros, his boss at the time, over $10 billion overnight.
Since then, his hedge fund Duquesne Capital, now called Duquesne Family Office, has made an average of 30% returns a year.
According to the Bloomberg Billionaires Index, 70-year-old Druckenmiller boasts a fortune of almost $10 billion.
In a CNBC interview from Tuesday morning, Druckenmiller said he's not sure how he was able to achieve such impressive returns on a consistent basis for all these years.
"I have no idea. I don't know how I did it. So, I don't even know who that person was," he said.
Yet throughout the years, the investor has shared enough advice and other information that his investment philosophy can be pieced together.
According to SEC filings, the Duquesne Family Office's largest equity investment by the end of 2023 was Microsoft Corp (NASDAQ:MSFT), owning more than 1 million shares, reaching 13% of the fund's holdings.
Other large ...