Soros Fund Management has named
Dawn Fitzpatrick, former head of investments at UBS Asset Management, as its
At UBS, Fitzpatrick was head of
equities, multi-asset and, at the O’Connor hedge fund business, supervised
investments of more than $303
Fitzpatrick is the seventh person
to hold the job of CIO at Soros since April 2000, when investor Stanley
Druckenmiller left to run his own firm. Soros Fund Management LLC was founded
in 1969 and is based in New York, .
Fitzpatrick joins Soros after its
former CIO, Ted Burdick, left the position last year after eight months on the
job. He had replaced Scott Bessent, who left after four years as CIO to launch
his own hedge fund firm. A UBS memo said Fitzpatrick will remain in her
position at UBS Asset Management until the end of March.
Fitzpatrick began her career with
O'Connor & Associates in 1992. During Fitzpatrick’s tenure at O’Connor,
she served as head of various teams that specialized in equities, equity
options, index options, convertible arbitrage and merger arbitrage. In August
2013, when O'Connor became a standalone business area within UBS Global Asset
Management, Fitzpatrick was appointed as global head and CIO O'Connor. Prior to
that role, she was global head and CIO of O'Connor within the alternative and
quantitative investments group. At USB, she also served as head
of the Tactical Trading Strategy team within O’Connor.
Fitzpatrick holds a BS degree from the University of Pennsylvania’s
Wharton School of Business. She also was a member of the UBS Global Asset
Management Executive Committee and Americas Risk Committee. She has been a
member of the Federal Reserve Bank of New York’s Investor Advisory Committee on
Financial Markets and also served on the Board of Trustees at the Hackley
School, a private college preparatory school located in Tarrytown, New York.