A Macro Legend Retires

30% average annual returns over 30 years… on billions of dollars… with no losing years.

Stan the Man, we salute thee.

Stanley Druckenmiller, the investor best known as a key architect of billionaire investor George Soros’ famous bet against the British pound, is closing his hedge fund firm after 30 years.

- Reuters, Duquesne’s Druckenmiller retiring after 30 years

p.s. Here is a copy of the actual letter (hat tip Dealbook)