Billionaire Stanley Druckenmiller to shut down Duquesne hedge fund

Not coincidentally, the great influx of money to the equities market has long since reversed, with the crisis since 2008 being a larger nail in that coffin (which has realistically be shut since 2000).

Druckenmiller, 57, said he's frustrated by his failure in the past three years to match returns that had averaged 30 percent annually since 1986. His Duquesne Capital Management, which oversees $12 billion and has never had a losing year, is down 5 percent in 2010.