One of the world’s most successful hedge funds turned family office, Soros Fund Management, has promoted Ted Burdick as chief investment officer (CIO) five months after its top investor Scott Bessent left the family firm to launch his own $4.5-billion macro fund.
Formerly the head of distressed debt and arbitrage, Burdick’s promotion will make him the fund’s sixth CIO since 2000 – and the third to be recruited internally.