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Druckenmiller to Shut Fund After 30 Years as Stress Takes Toll

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.”

“For 30 years I’ve been responsible for managing client money and it’s been a joy, but at some point I need to move on,” Druckenmiller, who made $1 billion for George Soros by forcing a devaluation of the British pound in 1992, said in a two-hour interview on Aug. 17. “Thirty years is enough.”