George Soros Hires A New Chief Investment Officer
zerohedge.com / by Tyler Durden / Feb 1, 2017 9:04 AM
Being a Chief Investment Officer at Soros Fund Management, the $25 billion family office run by billionaire George Soros who reportedly lost $1 billion following the Trump election as a result of bearish market bets, is not easy: recall that last August, Ted Burdick, the former CIO of the fund stepped down after just 8 months in the position but remained at the firm. The transition took place at a time when Soros was said to have returned to an active fund management role, putting in place “big, bearish bets.”
Perhaps sensing he needs some new blood at the top, overnight the NYT reported that Dawn Fitzpatrick, a senior executive at the asset-management arm of UBS, has accepted the job of chief investment officer at Soros.
At UBS, Fitzpatrick oversaw more than 300 billion Swiss francs (about $303 billion).
The post George Soros Hires A New Chief Investment Officer appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/02/01/george-soros-hires-a-new-chief-investment-officer/
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Whistler Blowers, Insiders
Tyler, sounds to me like Soros might have had a little more skin in that game then just the billion he reported he lost. I smell a rat here.