With all the changes underfoot in the hedge fund world these
days, it is comforting to find some things that stay the same.
Take Stanley Druckenmiller. He has more or less gone
underground since leaving Soros Fund Management in 2000 after
wracking up those humongous tech losses. Since then,
Druckenmiller has returned to quietly running his own empire,
the $8 billion Duquesne Capital Management.
Duquesne is something of a throwback. While more funds are
going the institutional route, even doling out equity to
employees, there's none of...