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Blackstone To Seed Duquesne Manager’s HF

A former manager from Duquesne Capital Management will float a new hedge fund.

A former manager from Duquesne Capital Management will float a new hedge fund, Market Watch reports. Michael Pearl’s new vehicle will be seeded with $125 million from the Blackstone Group.

The latest offering is likely to be called Harbor Bridge and is currently scheduled to start in early May. Stanley Druckenmiller, a former trader at Soros Fund Management who ran Duquesne, is not investing in Pearl’s new vehicle.

Click here for the story from MarketWatch.

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