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.
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