Insider Monkey

Duquesne Family Office’s 15 New Stock Picks

Ruchi Gupta
9 min read

In This Article:

In this article, we discuss Duquesne Family Office's 15 new stock picks. If you want to see more stocks in this selection, check out Duquesne Family Office's 5 New Stock Picks.

An imminent collapse and recession was the sentiment echoed by billionaire Stanley Druckenmiller late last year in response to an aggressive monetary policy tightening. The legendary investor affirmed that it would be a surprise if the economy did not plunge into recession. While nothing has materialized, the legendary investor's thoughts are starting to hold water as the effects of high interest rates begin to be felt amid escalating geopolitical tensions.

The legendary investor maintains that quantitative easing that has gone on for almost a decade has created more troubles whose effects are starting to be felt. According to Druckenmiller, Federal Reserve policymakers have put themselves, the country and, most importantly, the people, in a terrible position. The billionaire investor insists controlling inflation is not about raising interest rates.

Early in the year, the legendary investor was aggressive in shorting stocks in anticipation of market turmoil amid the recession concerns. His portfolio was short 20%, signaling he expected the market to turn bearish amid the aggressive quantitative easing. His skepticism was further exacerbated as regional banks started to waver, with the SVB collapse all but rattling the overall market. Despite the market's skepticism, Druckenmiller remained bullish in some plays, mainly focusing on growth companies with solid long-term prospects.

As one of the most successful investors on Wall Street, Druckenmiller's sentiments often reverberate far and wide in the investment community. Billed as one of the wealthiest people in the world with a net worth of more than $6 billion, he is often followed for guidance and insights on the direction the overall market is likely to move.

The former hedge fund manager has years of experience, having started working in the finance industry in the late 1970s. Having previously worked for George Soros of Soros Fund Management, he formed his hedge fund, Duquesne Capital Management. Druckenmiller made a name for himself, having a successful bet against the British Pound, and made millions of dollars in profit in partnership with Soros.

After parting ways with Soros at the height of the Dotcom bubble, he started managing his hedge fund, managing billions of dollars in capital. Nevertheless, it would not last long, as the legendary investor shut down the hedge fund from outside capital, having become disgruntled with managing billions of dollars of people's money.

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