Soros Chief Fitzpatrick Casts Off ‘Safe’ Label With 30% Gain
- Firm is positioned to deploy capital into volatile markets
- Macro, once Soros’s bread and butter, is now just 5% of assets
Source: Bloomberg
This article is for subscribers only.
Back when George Soros was running things, no one would have mistaken Soros Fund Management for safe, conservative or unambitious. Yet that’s the reputation his firm has acquired under Chief Investment Officer Dawn Fitzpatrick.
She’s determined to change that. Fitzpatrick plowed $4 billion into markets during the pandemic-induced swoon a year ago, pivoting amid collapsing prices and forced deleveraging to snap up assets such as residential mortgages on the cheap. Since then, Soros has returned almost 30% in the 12 months through February and now manages $27 billion.