Hedge Funds

Andor's Caruso to head Lehman absolute return group

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A former president and founding member of Andor Capital Management, Jolyne Caruso, has been tapped as the head of Lehman Brothers' Global Absolute Return Strategies division.

In her new post, Caruso will oversee the range of single-manager and multi-manager hedge fund products offered to Lehman's high-net-worth and institutional clients.

Insiders say Caruso's appointment shows that Lehman is seeking to more aggressively grow its hedge fund line-up both in terms of assets and the breadth of products. The hedge fund-focused Global Absolute Return Strategies group was set up as its own division less than a month ago as part of