Hedge Funds

Farrell joins new Soros exodus

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Jacob Goldfield, former CIO at Soros Fund Management, might be the most high profile staff member to leave the $8.3 billion operation, but he is not the only recent departure to be planning his own hedge fund this fall.

Fixed-income trader Bob Farrell has also left the firm with his own fund in mind. The departures were unrelated, and the pair are now readying their own separate funds.

Farrell is expected to launch before Goldfield. His new fund will focus on fixed-income arbitrage. Farrell will be joined by Mark Susman and the pair are expected to raise somewhere between