Soros Fund Management Appoints Dawn Fitzpatrick as Chief Investment Officer

Soros Fund Management LLC has brought in a veteran hedge fund specialist to serve as its Chief Investment Officer (CIO), installing Dawn Fitzpatrick as the newest member of its team, according to a Wall Street Journal report.

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Ms. Fitzpatrick joins Soros Fund Management with an extensive background in asset management and experience in the financial services industry. The CIO role at Soros Fund Management has seen some of the highest turnover of any senior role at the group, with seven individuals serving in the position since 2000.

Ms. Fitzpatrick comes over to Soros from UBS Asset Management, having worked as its Global Head of Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term and the O’Connor hedge-fund business. At UBS, she was tasked with the oversight of over $300 billion in assets.

George Soros has been more involved with trading at the group since last year, which is now responsible for over $30 billion. Soros recently lost upwards of a billion dollars after the recent US election this past November, betting the wrong way after a surprise Trump victory.

Soros Fund Management gained nearly 5% YoY, despite sizable losses incurred with the election.