Plus ça change, plus c'est la même chose?


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 that for Druckenmiller, who, like hedge fund masters of the universe