NEW YORK, Oct 30 (Reuters) – Jolyne Caruso, among the most senior women executives in the hedge fund industry, is leaving Lehman Brothers as global head of its Absolute Return Strategies business by the end of the year, a Lehman spokesman said on Monday.
Caruso, 46, the former president and co-founder of Andor Capital, a major hedge fund group, had joined Lehman in March 2005 to oversee Lehman’s $6.5 billion portfolio of hedge fund investments. She was also on the Lehman Brothers Management Committee and Investment Management Division steering committee.
The spokesman declined to elaborate on the reasons for Caruso’s departure or what she plans to do next, except to confirm that she will leave the bank.
