The head of the Securities and Exchange Commission’s hedge-fund working group is departing for greener pastures.
Mark Schonfeld, who in addition to overseeing the SEC’s probe into rumormongering among hedge funds also leads the agency’s New York office, will leave next month to join a law firm. The Wall Street Journal reports that he is heading to Gibson Dunn & Crutcher.
Schonfeld has been with the SEC for a dozen years, leading its largest office since 2004. In New York, Schonfeld oversaw the SEC’s probe of hedge fund trading abuses in mutual funds and its settlement with Wall Street over research activities.