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☆ Stanley Druckenmiller piled into regional banks and made this health-care stock his biggest bet
▼ + stars: | 2024-11-18 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter — two bets that have been rallying since the election of President-elect Donald Trump two weeks ago. The regional banking exchange-traded fund has climbed 12% this month alone, while Natera has jumped nearly 26% in November. KRE YTD mountain SPDR S & P Regional Banking ETF The widely followed investor was recently applauded for his big win on key artificial intelligence player Nvidia . During the third quarter, Duquesne added a small bet on Broadcom, worth $41 million, as another AI play. Druckenmiller shot to fame after helping make a $10 billion bet against the British pound in 1992.

Persons: Stanley Druckenmiller, Donald Trump, George Soros, Duquesne, Banks, Trump, Natera, Druckenmiller, bullish, Jensen Organizations: Quantum Fund, Duquesne Family Office, Regional Banking, Trump, Republican, GOP, Representatives, Regional Banking ETF, Nvidia, Duquesne, Broadcom, Duquesne Capital Management

☆ Silicon Valley's General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
▼ + stars: | 2024-11-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million. General Catalyst has $30 billion in assets under management and has backed major U.S. tech companies like Snap , Stripe and AirBnb . Lean Technologies' fundraising round also saw participation from Bain Capital Ventures, Stanley Druckenmiller's Duquesne Family Office, and Arbor Ventures, among others, bringing the Riyadh-based firm's total funding to over $100 million to date, according to a Sunday statement from the company. For three of those investors — General Catalyst, Stanley Druckenmiller and Bain Capital — this investment is their first in the kingdom. "If you look at the region's growth over the last three to five years, it's been phenomenal, but there is still so much more room for growth."

Persons: Catalyst, Stanley Druckenmiller's, Stanley Druckenmiller, Hisham Al, Falih, it's Organizations: Lean Technologies, Bain Capital Ventures, Stanley, Stanley Druckenmiller's Duquesne Family Office, Arbor Ventures, Bain Capital, CNBC Locations: Silicon, Saudi Arabia, U.S, Riyadh, Saudi

☆ This startup for traders raised $30 million from investors including Stanley Druckenmiller and Greg Coffey. Here's how it plans to transform how Wall Street analyzes data.
▼ + stars: | 2024-10-28 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Reflexivity is a startup cofounded by two former hedge fund traders. AdvertisementA startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, just raised its $30 million Series B, the startup announced Monday. Interactive Brokers and Greycroft led the round, which included participation from billionaire investor Stanley Druckenmiller and Greg Coffey, the Australian founder of hedge fund Kirkoswald. AdvertisementIt has a valuation between $115 million and $150 million, Szilagyi said.

Persons: —, Greycroft, Stanley Druckenmiller, Greg Coffey, Izzy Englander, Reflexivity, Jan Szilagyi, Szilagyi, George Soros, Giuseppe Sette, Howard, Wells, Szilyagyi, that's Organizations: Service, Interactive, Millennium, Catalyst, P, Business, Druckenmiller's Duquesne Capital Management, Fortress Investment Group, Millennium Management, Soros Fund, London Stock Exchange Group, Federal Reserve Locations: Australian, MUFG, Fargo, Wells Fargo

☆ Billionaire investor Stanley Druckenmiller says he regrets selling his entire Nvidia stake, and is looking to buy again
▼ + stars: | 2024-10-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stanley Druckenmiller says selling Nvidia was a mistake. The billionaire investor sold his stake when he saw the stock's valuation as overextended. Druckenmiller today Bloomberg TV that he'd buy Nvidia again if the price falls. AdvertisementMonths after Stanley Druckenmiller offloaded his entire Nvidia stake, the billionaire investor says he regrets the decision. With his stake gone, Druckenmiller said he remains exposed to AI by investing in the infrastructure needed to power this technology.

Persons: Stanley Druckenmiller, —, I've, Druckenmiller Organizations: Nvidia, Bloomberg, Service, Duquesne Family Office Locations: Druckenmiller

☆ Stanley Druckenmiller says he's 'licking my wounds' from selling Nvidia too soon
▼ + stars: | 2024-10-16 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."

Persons: Stanley Druckenmiller, I've, —, Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC

☆ Stanley Druckenmiller hits another home run in small caps after nailing the Nvidia trade
▼ + stars: | 2024-07-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stanley Druckenmiller , still basking in his winning Nvidia bet, has hit another home run in this bull market. When Druckenmiller acquired the position in the first quarter, small caps were significantly underperforming their large-cap counterparts. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. After the stock soared from $150 to above $900, Druckenmiller slashed the stake. A lot of what we recognized has become recognized by the marketplace now," Druckenmiller said on CNBC at the time.

Persons: Stanley Druckenmiller, Druckenmiller, Russell, George Soros, bullish, We've Organizations: Nvidia, Duquesne Family Office, Investment, SEC, Quantum Fund, Duquesne Capital Management, CNBC

☆ Stanley Druckenmiller built a big bullish position in small-cap stocks last quarter
▼ + stars: | 2024-05-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller revealed a big bullish position in small-cap stocks last quarter, according to a new regulatory filing. A call option gives an investor the right to buy an asset at a specified — or strike — price within a certain period. As of the end of March, Druckenmiller owned 31,579 call contracts with unknown value, strike price or expiry, according to the filing. The noted investor also took some profit in his big Nvidia bet last quarter by slashing the stake by more than 70%. Other than these changes, Druckenmiller added a sizable stake in semiconductor name Coherent , making it his eighth-biggest holding.

Persons: Stanley Druckenmiller, Russell, Druckenmiller, We've, I'm, Warren Buffett, George Soros Organizations: Duquesne Family Office, U.S . Securities, Exchange, Nvidia, CNBC, Quantum Fund, Duquesne Capital Management Locations: Duquesne

☆ Watch CNBC’s full interview with Duquesne Family Office chairman and CEO Stanley Druckenmiller
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Duquesne Family Office chairman and CEO Stanley DruckenmillerStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, latest market trends, and more.

Persons: Stanley Druckenmiller Stanley Druckenmiller Organizations: Duquesne Family

☆ Stanley Druckenmiller: The Fed should get rid of forward guidance and just do their job
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: The Fed should get rid of forward guidance and just do their jobStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, latest market trends, and more.

Persons: Stanley Druckenmiller Organizations: Duquesne Family

☆ Stanley Druckenmiller: Why we're spending like we're still in the great depression is beyond me
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: Why we're spending like we're still in the great depression is beyond meStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, why Druckenmiller cut his Nvidia stake, latest market trends, and more.

Persons: Stanley Druckenmiller, Druckenmiller Organizations: Duquesne Family, Nvidia

☆ Druckenmiller says he bought five Argentinian stocks, praises Javier Milei's policies
▼ + stars: | 2024-05-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"The only free market leader in the world right now, bizarrely, is in Argentina of all places," Druckenmiller said. Milei took office in December, promising economic reforms after Argentina was hit hard by inflation. I bought all of them, we did some work on them, I increased my positions," Druckenmiller said. ARGT 1D mountain The Global X MSCI Argentina ETF rose on Tuesday morning. The Global X MSCI Argentina ETF (ARGT) , which includes many of the stocks listed above, rose more than 1% in premarket trading Tuesday.

Persons: Stanley Druckenmiller, Druckenmiller, Javier Milei, Milei, Soros, Duquesne, it's Organizations: Economic, Duquesne Family, Grupo, Arcos, Banco BBVA Argentina, Mercadolibre, Grupo Financiero Galicia, Banco Locations: Argentina, Davos, U.S, Americas

☆ Stanley Druckenmiller: AI might be a little over-hyped now, but under-hyped long term
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: AI might be a little over-hyped now, but under-hyped long termStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, why Druckenmiller cut his Nvidia stake, latest market trends, and more.

Persons: Stanley Druckenmiller, Druckenmiller Organizations: Duquesne Family, Nvidia

☆ Stanley Druckenmiller gives Biden's economic policies an 'F', blames the Fed for reigniting inflation
▼ + stars: | 2024-05-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's re-election chances, billionaire investor Stanley Druckenmiller said Tuesday. Everybody seems to get it but Yellen, who just keeps spending and spending," Druckenmiller said. Druckenmiller's comments come with the Fed still trying to bring inflation down, as policymakers have dashed investors' hopes for aggressive interest rate cuts this year. Getting markets enthused about rate reductions was a mistake because it set financial conditions "on fire," he said. Inflation was coming down, financial conditions were tightening," he said.

Persons: Joe Biden's, Stanley Druckenmiller, Janet Yellen, Jerome Powell, Druckenmiller Organizations: Federal Reserve, Duquesne Family Office, Fed

☆ Billionaire investor Stanley Druckenmiller trimmed his Nvidia bet after huge gains, said AI is a 'little overhyped' at this point
▼ + stars: | 2024-05-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stanley Druckenmiller told CNBC he pared some of his Nvidia exposure in late March. The investor is confident in the stock's worth, but sees market enthusiasm in AI as overhyped for now. But AI will be a long-term play to pursue over the years, with a big payoff down the road. Nvidia, a semiconductor company, has become central to emerging AI technology,with most of the software run by the firm's chips. Over the past year Druckenmiller has also held exposure to AI large-caps such as Microsoft and Alphabet.

Persons: Stanley Druckenmiller, —, he's, ChatGPT, Druckenmiller, We've Organizations: CNBC, Nvidia, Service, Duquesne Family Office, Microsoft

The 2024 Sohn Investment Conference took place in New York took place Wednesday, with a slew of hedge fund managers highlighting their top ideas. Here are some of the top picks mentioned: Vijay Shilpiekandula, Dilation Capital Investment Idea: ASML Vijay Shilpiekandula of Dilation Capital, who was named the Sohn Idea Contest Winner, presented ASML as his best stock idea. Jesse Cohn, Elliott Investment Management Investment Idea: Etsy E-commerce platform Etsy is an undervalued company, according to Elliott Investment Management managing partner Jesse Cohn. Seth Fischer, Oasis Management Investment Idea: Kao There's an underappreciated buying opportunity in Japanese global chemicals company Kao, according to Seth Fischer, founder and CIO at Oasis Management. David Einhorn, Greenlight Capital Investment Investment idea: Solvay Greenlight's David Einhorn unveiled Solvay as his top investment idea , saying the European chemicals company is a market leader with an attractive valuation.

Persons: Vijay Shilpiekandula, Vijay, ASML, Shilpiekandula, Jesse Cohn, Etsy, Cohn, Seth Fischer, Kao, Fischer, David Einhorn, Solvay, Einhorn, Michael Buckley, Natera, Buckley, Mohammed Anjarwala, Carpenter, Anjarwala Organizations: Elliott Investment Management Investment, Elliott Investment Management, Body, Oasis Management Investment, Oasis Management, Nikkei, Greenlight Capital Investment Investment, Solvay, Duquesne Family, Duquesne Family Office, Global, Technology Carpenter Technology, Boeing, Airbus Locations: New York, Europe, Bath

☆ March Madness: Top seeds for men and women’s 2024 NCAA basketball tournament announced for Selection Sunday
▼ + stars: | 2024-03-17 | by ( Jacob Lev | Issy Ronald | ) edition.cnn.com time to read: +8 min

The other top seeds for the NCAA Division I men’s basketball tournament are the Purdue Boilermakers, North Carolina Tar Heels and Houston Cougars. 2 seeds are Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers and Arizona Wildcats. Thirty-two teams automatically qualified in both the men’s and women’s tournament by virtue of winning their respective conference tournaments. Now that Selection Sunday is all but over, there are only two days for fans to fill out their brackets before the men’s tournament begins on March 19 and the women’s tournament begins the day after. Angel ReeseAngel Reese is another of the tournament’s biggest stars, following her crucial role in propelling LSU to its first ever women’s college basketball title last year.

Persons: Caitlin Clark, Martin, Zach Edey, Kirk Irwin, Barack Obama, George H.W, Bush, Jimmy Fallon, Yale Brigham, James Madison, Howard, Wagner, Saint, Tennessee Martin, Rice, Marshall Syracuse, Caitlin Clark Caitlin Clark, “ Clark, onomics ”, Steph Curry’s, Angel Reese Angel Reese, Matthew Holst, Reed Sheppard, Kentucky’s Reed Sheppard Organizations: CNN, Connecticut, South Carolina, NCAA, Purdue Boilermakers, North, Heels, Houston Cougars, Iowa Hawkeyes, Southern California Trojans, Texas Longhorns, Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers, Arizona Wildcats, Wildcats, Long, Long Beach State, Big West, bluebloods, Duke, SEC, Gamecocks, women’s, Heart, Presbyterian, Iowa, Hawkeyes, Louisiana State, Ohio State, Stetson, Northwestern, San Diego State, Alabama, Auburn, Yale, Yale Brigham Young, Duquesne, Washington State, South Dakota State, South Dakota State South Houston, Texas, . Vermont Texas Tech, NC, Boise State, Kentucky Midwest Purdue, Montana State, Utah State, Texas Christian, Gonzaga, Samford South Carolina, . Oregon, Creighton, Mississippi State, . Michigan, Charleston Clemson, Baylor, Colgate, Dayton, Albany South, Oregon State, Marquette, Notre Dame, Kent State, Albany Iowa, Princeton, Drake ; Kansas State, Portland Louisville, . Middle, ., UCLA, California Baptist, Portland Southern, Michigan, Vanderbilt -, Virginia Tech, Jackson State, Richmond ; Ohio, Maine, Portland Texas, Drexel, Florida, South, Cal Irvine Tennessee, ; North Carolina State, Chattanooga ; Iowa, Maryland, Stanford, NBA, WNBA, LSU, Big, Purdue Locations: South, North Carolina, Long Beach, bluebloods Kentucky, Kansas, Tennessee, Louisiana, Connecticut, Stetson ; Florida, San, Birmingham, Duquesne ; Illinois, Morehead State, Drake, South Dakota State South, Longwood ; Nebraska, Wisconsin, NC State ; Kentucky, Oakland, Florida, Colorado, Marquette, Grambling State, McNeese ; Kansas, ., Akron ; Texas, Virginia, Colorado State ; Tennessee, Peter’s West North Carolina, Mississippi, Saint Mary’s ( California, Canyon, Alabama, New Mexico, . Nevada ; Arizona, Albany South Carolina, . Michigan State ; Indiana, Fairfield ; Oklahoma, Florida Gulf Coast . Nebraska, Eastern Washington ; Mississippi, West Virginia, Drake ;, . Middle Tennessee State, . Nevada, Las Vegas, California, California Baptist Region, Portland Southern California, Christi ; Kansas, Vanderbilt - Columbia, Arizona ; Connecticut, Richmond ;, Drexel ; Alabama, Florida State ; Utah, South Dakota, ; North, Chattanooga ;, Norfolk, South Carolina

☆ Hot hedge fund trends collide at a new AI-powered multi-strategy fund
▼ + stars: | 2024-02-26 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Ascendance Asset Management, founded by former AllianceBernstein investor Bob Kim, will be a multi-strategy hedge fund that plans to integrate artificial intelligence across the investing and risk management process, several sources familiar with the matter told Business Insider. Kim was the director of research at Visium and a portfolio manager for Izzy Englander's Millennium before working as the chief investment officer for AB's Arya fund, the multi-billion multi-strategy fund within the asset manager's alternatives business. AdvertisementThe firm also brought on a former executive from billionaire Stan Druckenmiller's hedge fund Duquesne, John Kovitch, to be its head of trading. The goal, sources told BI, is for each portfolio manager to have their own personalized AI agent helping them trade. These firms need people, especially investing talent, pushing up compensation and guaranteed payouts across the industry.

Persons: Bob Kim, Ascendance, Kim, Izzy Englander's, AB's Arya, Josh Adam, Adam, Steve, Goldman Sachs, Stan Druckenmiller's, John Kovitch, Bobby Jain's Jain Organizations: Service, Management, Industry, Business, SAC, Duquesne, Citadel Locations: New York, London, Asia, GLG

☆ Hedge funds took profits in these popular technology stocks during the fourth quarter
▼ + stars: | 2024-02-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Hedge funds appeared to take profits in a host of winning " Magnificent Seven " stocks during the fourth quarter at the end of a blowout year for the septet. Still, Nvidia shares rallied 14% in the fourth quarter, extending a 3% gain in the September quarter. Nor was Nvidia the only semiconductor maker that hedge funds cut back on in the fourth quarter. Reducing exposure to the rest of Magnificent Seven Hedge funds also took profits in a handful of other popular Magnificent Seven stocks that helped power 2023's AI-fueled market rally. Beyond the most prominent companies, hedge funds also made key reductions in other popular technology and semiconductor bets last quarter.

Persons: Dan Sundheim zeroed, Stanley Druckenmiller, David Tepper's, Phillippe Laffont's Coatue, Global's Chase Coleman, Jensen Huang, chipmaker, Tepper, Ole Andreas Halvorsen, Druckenmiller, Baupost Group's Seth Klarman, Coatue's Laffont, Point's Dan Loeb, Berkshire Hathaway, Value's Jeffrey Smith, Marc Benioff, Appaloosa's Tepper, Michael Burry, Druckenmiller amped, Point's Loeb, Coatue, Laffont, Tiger Global's Coleman, —, Alex Harring, Yun Li Organizations: Appaloosa Management, D1, Technology, Wall, Nvidia, Management, Devices, Intel, Qualcomm, Taiwan Semiconductor, Viking, Arm Holdings, VanEck Semiconductor, Google, Microsoft, Duquesne, Viking Global, Corvex Management, Sundheim's D1 Capital, Baidu, Arista Networks, Scion, Oracle, Amazon, Tiger Global, Apple, Taiwan, Broadcom Locations: TSM, Meta, Berkshire, Salesforce, Chinese, China

☆ Wall Street billionaires dump Alphabet. How they traded 7 other portfolio stocks as well
▼ + stars: | 2024-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.

Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, —, Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California

☆ Stanley Druckenmiller exits Alphabet, keeps winning AI plays Nvidia and Microsoft
▼ + stars: | 2024-02-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller dumped his stake in Google's Alphabet entirely last quarter, while keeping his high-conviction bets on artificial intelligence through Microsoft and Nvidia . Druckenmiller's Duquesne Family Office sold $112 million worth of Alphabet shares last quarter, according to a regulatory filing. His firm briefly held Alphabet in the first quarter of 2023, sold it the next quarter and entered the stock again in the third quarter. He said he has been betting on the space through two stocks — Microsoft and Nvidia. But Druckenmiller, a Bowdoin College grad, bought call options on Nvidia with a notional value of $242 million last quarter.

Persons: Stanley Druckenmiller, Druckenmiller, George Soros, Soros, Tempur Sealy Organizations: Microsoft, Nvidia, Druckenmiller's Duquesne Family, Bowdoin College grad, Sohn Investment, Quantum Fund, Duquesne Capital Management, Arista Networks, Woodward, Flex Ltd, Barrick Gold, Marvell Technology

☆ Boucheron's CEO answers five quick questions
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoucheron's CEO answers five quick questionsHelene Poulit-Duquesne, Boucheron CEO, tells CNBC's Christine Tan about her sources of inspiration, failures and more.

Persons: Helene Poulit, Christine Tan Organizations: Duquesne

☆ 'Never spoil a good crisis': Boucheron CEO
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Never spoil a good crisis': Boucheron CEOHelene Poulit-Duquesne, Boucheron CEO, discusses her move from Cartier, saying joining a smaller company allowed her to be nimble.

Persons: Helene Poulit, Cartier Organizations: Duquesne

☆ A migrant had just crossed the border when he found a scared, 9-year-old boy who needed help. The encounter changed them both
▼ + stars: | 2023-11-22 | by ( Catherine E. Shoichet | Thomas Lake | After Days Of Hiding Authorities | ) edition.cnn.com time to read: +23 min

Chris Buchleitner and his mother, Dawn Tomko, went on many camping trips together, like the one shown here. With help on the way, Manuel could have headed on for Tucson or Phoenix. The local fire chief gave him a small stuffed horse, telling Manuel he’d been a hero in the wilderness, like the Lone Ranger. An orphaned boy moves to PennsylvaniaWhen Chris Buchleitner was still a baby, his parents made a plan for the worst-case scenario. Cordova, who now has seven children and four grandchildren, says he thought of his own children when he came across Chris Buchleitner in the Arizona wilderness.

Persons: Chris Buchleitner, van, Chris, He’d, he’d, Manuel Cordova’s, Chris doesn’t, Chris’s, Dawn Tomko, Tanner, Jade, Manuel, Manny, Magdalena de Kino, Saint Francis Xavier, Father Kino, Manuel Jesus Cordova Soberanes, Norma Jean Gargasz, Magdalena, Manuel burrowed, ” Manuel, “, who’d, Manuel Cordova, Jeffry Scott, Chris hadn’t, Manuel he’d, Michael M, Foster, Dennis DeConcini Port, Alma Lidia Soberanes, Cordova, Manuel finally, ” Manuel didn’t, Manuel hadn’t, Jack Buchleitner, —, Jack, Dawn, Mary Butera, Christopher, Mary, Vinny Butera, Austin Steele, don’t, Mexico Manuel, They’d, ”, that’s, Julian Rigg, Emmanuel Macron, Raul Grijalva, he’s, hadn’t, Eythan, they’re Organizations: CNN, Patrol, Border Patrol, Jesuit, Saint, Police, Arizona Daily Star, AP, Ranger, Rico Fire, Dennis, Duquesne University, UPMC, Coopers Rock State Forest, North, Facebook Locations: Arizona, Mexican, Mexico, Tucson, Phoenix, American, Rimrock , Arizona, Magdalena, Sonora, Nogales, Nogales , Arizona, manila, Pennsylvania, Pittsburgh, UPMC Shadyside, West Virginia, Washington, North, Magdalena’s, Mexicali, United States, France, Emmanuel Macron . Arizona, America

☆ Stanley Druckenmiller trims his winning Nvidia bet, adds new Alphabet stake
▼ + stars: | 2023-11-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stanley Druckenmiller 's Duquesne Family Office added a new bet on Alphabet last quarter, while trimming his favorite artificial intelligence play — Nvidia , according to its latest filing to the Securities and Exchange Commission. The family office built a $110 million stake in Alphabet, making it Druckenmiller's seventh biggest holding at the end of the third quarter. The bet could complement his other big AI bets as Druckenmiller emerged as a bull on AI. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. Druckenmiller believes the market will be "very challenged" in the current environment, and only disciplined stock pickers will be rewarded.

Persons: Stanley Druckenmiller, Druckenmiller, it's, George Soros Organizations: Duquesne, Nvidia, Securities and Exchange Commission, Microsoft, Quantum Fund, Duquesne Capital Management, Social, Vistra Energy, Seagate Technology, Broadcom

Burry also closed out bearish options against the broad S&P 500 and Nasdaq 100 Index, the filings showed. His Scion Asset Management’s biggest new position last quarter was in bearish options on an exchange-traded fund focused on semiconductors. He bought put options with a notional value of $47.4 million against the iShares Semiconductor ETF (SOXX.O), according to the filing. The filings also showed that Burry's fund no longer held puts on the Nasdaq 100 and S&P 500. Hedge fund Man Group also sold its 1.1 million shares in Nvidia, while Renaissance Technologies LLC sold its entire stake in the company.

Persons: Michael Burry, Burry, George Soros, Carolina Mandl, David Gregorio, Anna Driver, Deepa Babington Organizations: U.S, Nasdaq, iShares Semiconductor, Soros Fund Management, Society, Nvidia, Taiwan Semiconductor Manufactoring, Man, Renaissance Technologies, Tiger Global Management, Eisler Capital, Man Group, Duquesne Family Office, Thomson Locations: U.S, TSMC, New York

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