BOSTON (Reuters) – Lucy DeStefano, former head of buying and selling at hedge fund Citadel’s Aptigon unit, is about to hitch Soros Fund Management later this yr, two sources acquainted with the matter stated.
Soros Fund Management is the $26 billion household workplace of billionaire philanthropist George Soros, and the agency’s investments in addition to its staffing selections are intently watched within the $three.2 trillion hedge fund business.
At Soros, DeStefano will report to go of buying and selling Jessica Murphy and be a part of the agency’s buying and selling staff to concentrate on systematic buying and selling technique for macro investments. Dawn Fitzpatrick has been main investments at Soros as chief funding officer for roughly one yr, cementing her standing as certainly one of Wall Street’s strongest ladies.
A spokesman for Soros declined to remark.
Citadel, which invests roughly $28 billion, minimize employees at its Apitgon enterprise, one in every of its inventory choosing models, by greater than 30 % from late February to early March.
The cuts included portfolio managers, analysts, associates and different ancillary employees.
DeStefano, who didn’t reply to requests for remark, resigned from Citadel’s Aptigon unit in April, a Citadel spokesman confirmed. She will be a part of Soros within the fourth quarter of 2018, one of many individuals conversant in her plans stated.
DeStefano graduated from Princeton University and beforehand labored at hedge fund Pine River Capital Management.
Reporting by Svea Herbst-Bayliss; Editing by David Gregorio