NEW YORK (HedgeWorld.com)–Jacob Goldfield, previously a senior partner at Goldman Sachs and manager of New Jersey Senator Jon Corzine’s blind trust, took over as chief investment officer of Soros Fund Management, in the latest of a series of senior level changes at the US$11.5 billion firm.
He was recruited by Mark Schwartz, who knew him from Goldman Sachs. Mr. Schwartz himself joined Soros as president and chief executive officer only last October, replacing William Stack, who was there for about a year. Mr. Schwartz was at one time chairman of Goldman Sachs (Asia) and on Goldman’s management committee .
Mr. Goldfield replaces Robert Bishop, who was hired in January 2002 following a seven-month search. George Soros has been looking for the right people to step into the shoes of his erstwhile portfolio managers, Stan Druckenmiller and Nick Roditi, who left in April 2000 after the Soros funds posted losses. Before that, however, the group had achieved impressive returns.