Paul Shaum, former head of high-yield research at SG Cowen, has joined Soros Fund Mangement as a portfolio manager. Michael Vachon, a firm spokesman, declined further comment, as did Shaum. In addition to being research head, Shaum covered aerospace and consumer products at SG Cowen. However, he was let go last year as the firm cut back underwriting in those sectors (BW, 3/4/01).
SG's Former Junk Research Head Joins Soros