Head Of Lehman's Hedge Fund Unit To Depart

Jolyne Caruso, global head of Lehman Brothers Absolute Return Strategies unit and a well-known figure in the overwhelmingly male world of hedge fund executives, is leaving the firm by the end of the year.

The reason for Caruso’s departure from Lehman after less than two years on the job is not known, and she could not be reached for comment by press time.