Jim Oberman has gone from reporting the news to becoming it.
The Wall Street Journal news editor has left the newspaper to join Aravt Global, a new hedge fund expected to debut next year. Oberman will serve as a research analyst at the hedge fund.
New York-based Aravt is the brainchild of Yen Liow, a former portfolio manager at Ziff Brothers Investments. The new firm will employ a long/short equity strategy.
"I have tremendously enjoyed working with such a great group of reporters and editors. This is not an easy place for me to leave," Oberman wrote in an announcement to colleagues on Friday, his last day. "When the next big breaking news story happens I'm sure I will have withdrawal symptoms; no more adrenal rush of getting to the key players before any other news organization!"
Oberman spent four-and-a-half years at the Journal, including the past four months as news editor for research and data. But his long career in journalism has included stops at The New York Times, Time magazine, People Magazine and Entertainment Weekly.