Donations to the Masters Tournament Foundation slumped 37 percent in 2012 as benefactors didn’t make follow-up gifts to the charity created by the private club that hosts the first of golf’s four annual major tournaments.
At Success Academy Union Square, a charter school in Manhattan, parents dropping off kindergartners one frigid morning include a radiologist with a Louis Vuitton bag slung over one shoulder and a fashion designer married to an investment banker. Some arrive in taxis.
Hedge-fund icon Stanley Druckenmiller is quitting the business after three decades, telling investors he’d been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an “enormous amount of capital.”
Stanley Druckenmiller, the billionaire hedge-fund manager who returned an average of 30 percent a year from 1986 through 2010, said the long rally by commodities is over as China switches to consumption-led growth rather than investing in infrastructure.
Stanley Druckenmiller, who boasts one of the hedge-fund industry’s best long-term track records of the past three decades, said it would be a “big deal” for financial markets if the Federal Reserve were to completely end its asset purchases as outlined over the next 12 months.
Governor Chris Christie has several chances soon to repair a dented public image, from an agenda- setting New Jersey speech to a series of out-of-state Republican fundraisers to his own second-term inaugural bash beneath the Statue of Liberty.
Stanley Druckenmiller is backing Mark Zuckerberg’s efforts to bring about immigration reform in the U.S., becoming the first Wall Street veteran to contribute to the Facebook Inc. founder’s bipartisan advocacy group.
Stanley Druckenmiller, one of the best-performing hedge-fund managers of the past three decades and an avid golfer, is among those who gave a total of $6.8 million to the Masters Tournament Foundation in 2011.