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.