Her career climb at UBS' hedge fund unit was meteoric. Now, she is leaving the Swiss bank to work for one of the most renowned hedge funds on Wall Street.
Dawn Fitzpatrick, one of Wall Street's most prominent women, is moving to Soros Fund Management where the trading billionaire has hired her as Chief Investment Officer, the «New York Times» reported.
Fitzpatrick was recently promoted to run hedge funds, equity and multi-asset strategies at the Zurich-based bank.
The native New Yorker will work for George Soros, the 86-year-old founder of Soros Asset Management who has increasingly turned to his philanthropic endeavors in recent years.
$1 Billion Lost
Soros' firm confirmed the move, without elaborating. Fitzpatrick will remain at UBS until the end of March; her successor has yet to be named.
At Soros' firm, investment chief Ted Burdick left the firm after just eight months, after Scott Bessent left two years ago to start his own hedge fund. Soros was also on the wrong side of bets on Donald Trump as U.S. president, reportedly losing his clients nearly $1 billion in the process.
O’Connor began as options trader, was acquired by then-Swiss Bank Corp. (later UBS) in 1992 and has since morphed into a hedge fund. It is part of UBS' wider asset management activities, but is separately branded and enjoys more autonomy than other units.
