george soros

REUTERS/Bernadett Szabo

George Soros

George Soros’ CIO Ted Burdick is stepping down just eight months after being promoted to the role, according to a Bloomberg News report.

Burdick will remain at Soros Fund Management, running a credit portfolio, 
Katherine Burton and Katia Porzecanski are reporting. The fund is searching for Burdick’s replacement, according to the report. 

Soros, a billionaire philanthropist, turns 86 today.

Michael Vachon, a spokesman for Soros Fund Management, did not immediately respond to a request for comment.

NOW WATCH: No one wants to buy this bizarre house in a wealthy San Francisco suburb

Please enable Javascript to watch this video

Business Insider » Finance

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>