Former hedge fund manager is backing Facebook founder Mark Zuckerberg’s bipartisan advocacy group.
Bloomberg Businessweek reported that Druckenmiller, who was the chairman and president of the now-defunct hedge fund firm Duquesne Capital Management, donated an undisclosed amount to Zuckerberg's FWD.us.
The group, founded earlier this year, lobbied to help get a comprehensive immigration bill passed by the U.S. Senate on June 27.The U.S. House said that it plans to handle immigration legislation through individual bills, rather than through the Senate’s broader plan.
Druckenmiller explained to Bloomberg that "as a New Yorker, it is easy to appreciate the role immigration has played in making America the dynamic and competitive economy."
Before shutting down Duquesne Capital in 2010, Druckenmiller helped the firm average returns of 30% since 1986.