Stanley Druckenmiller may not be alone. Reuters notes that a lot of hedge fund managers are pondering whether the time is right to step away. There's a always a certain amount of flux in the industry.

Right now, the likes of John Paulson and David Tepper may be on top, but it is hard to maintain that edge over the long haul. It still boggles the mind that Druckenmiller was able to record positive gains every year for 25 or so years.

Some big names have already heard the call. Renaissance Technologies' Jim Simons retired last year amid a lot of hoopla. Highfields Capital co-founder Richard Grubman told investors last week that he plans to exit his firm.

It may be that the industry has just gotten a lot more difficult. There is little alpha to be discovered year after year, with so many people in the hunt. The regulations are certainly not making things easier.

Then again, we're always seeing this. At some point, you've made enough money. So this is really nothing new. The really interesting question is whether, after a year or so of golf, Druckenmiller will be angling to get back in the game.

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