Billionaire investor Stanley Druckenmiller says there should only be ‘200 or 300’ hedge funds, not thousands — and he expects a culling of the herd

In Stanley Druckenmiller’s mind, there’s only five to 10 people who are worth the fees hedge funds charge — and the problem is that there’s thousands of hedge funds run by people who aren’t.
Speaking to an audience at an event Monday night at the Universit…
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