PointState’s Josh Samuelson Exits Fund He Co-Founded in 2011
- The hedge fund lost 19% in 2018, barely made money this year
- Departure means only one of firm’s seven founders remains
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PointState Capital said Josh Samuelson will leave the firm he co-founded with the backing of Stan Druckenmiller, following a year in which the hedge fund failed to recover from a double-digit loss in 2018.
Samuelson, 46, “has decided to retire from investment management,” co-founder Zach Schreiber said in a letter to clients Friday. Samuelson will stay at PointState “for several months” during a transition, Schreiber said, and will remain an investor in the firm.