Hedge Funds

Soros fund pins hopes on new boy Schwartz


Three rounds later and it looks like Soros Fund Management may have found a keeper in chief executive officer Mark Schwartz, whose hire earlier this year marked yet another attempt by the $11.7 billion hedge fund giant to find a man big enough to fill the shoes of George Soros, the godfather of hedge funds and the person who helped bring about the devaluation of the British pound.

Schwartz has eagerly embraced his new role and begun the monumental task of rebuilding the Soros franchise. Former Goldman Sachs trader Jacob Goldfield came on board as chief investment officer earlier