Head Of Lehman's Hedge Fund Unit To Depart

Oct 31 2006 | 10:30am ET

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.

Before joining Lehman to run the firm’s $6.5 billion portfolio of hedge fund investments in March of 2005, Caruso co-founded $3 billion hedge fund firm Andor Capital. Caruso has also served as chairman and president of JPMorgan Securities and head of its Equities-Americas division.

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