PointState Capital, the macro hedge fund started by former traders for billionaire Stan Druckenmiller, is looking for new investors as it struggles to rebound from last year’s double-digit loss.
The $6 billion firm’s main SteelMill Fund dropped about 19% in 2018 and has barely made money this year, climbing less than 1% through September, according to people familiar with the firm. PointState has rarely opened to new money since it began trading in 2011.
