Druckenmiller’s Duquesne Built a Large Brazil ETF Stake Ahead of January Rally
Stanley Druckenmiller’s Duquesne Family Office accumulated about 3.5 million shares of the $9.1 billion iShares MSCI Brazil ETF in the fourth quarter of 2023 and purchased call options on the fund. The ETF rose roughly 17% in January, helped by a softer dollar and higher commodity prices, with leading Brazilian names like Vale SA and Petroleo Brasi…