Soros CIO Puts Conservative Stamp on Fund Built With Bold Bets

In November, Dawn Fitzpatrick, chief investment officer of Soros Fund Management, was being interviewed on a finance podcast called Capital Allocators. At the top of the program, the host sent out an appeal: “Dawn contends that Soros has a uniquely attractive platform for the right type of leading investors to apply their trade,” he said before reciting an email address, twice, for interested managers to send their résumés.

It’s not unusual for a company to let the world know they’re hiring, but that kind of open call is surprising given the mystique the Soros name has in the investing world. George Soros is known for bold moves such as his 1992 bet against the British pound, which earned him the moniker “the man who broke the Bank of England.” In its heyday his hedge fund returned more than 30% a year.