Stan Druckenmiller’s family office sharply reduced the value of its U.S. equity portfolio in the first quarter.
This is not surprising given the highly bearish comments the legendary former hedge fund manager made on May 12 about the stock market.
Druckenmiller said in an interview hosted by the Economic Club of New York that “the risk-reward for equity is maybe as bad as I’ve seen it in my career,” according to published reports citing the club’s Twitter account.
