Hedge Funds People moves

Kingdon IR chief let go, alleges breach of contract

by Josh Friedlander

After seven-and-a-half years at the firm, Marjorie Kaufman is gone.

Marjorie Kaufman, Kingdon Capital Management's head of investor relations, was let go from the firm this past Thursday, according to an e-mail she sent to friends and associates this week. In a letter to clients, Kingdon said that Kaufman left “to pursue other interests.”

The $4.8 billion Kingdon hired Kaufman in 2003. Kaufman said her letter was meant to clarify the involuntary nature of her departure. Kingdon terminated her employment “without cause and without notice, in breach of our contract,” she wrote. “I just wanted to set the record straight. I did not leave voluntarily