Marjorie Kaufman was terminated from her position as head of investor relations at New York-based hedge fund Kingdon Capital Management.
Kingdon COO Alan Winters will become interim head of investor relations, according to a letter to investors obtained by P&I Daily.
Ms. Kaufman, who has worked at Kingdon since 2003, said the decision was a surprise.
“I’m very sad and disappointed and shocked that they decided to do this,” she said in a telephone interview. “They let me go without notice and without cause.”
Officials at Kingdon declined to comment, Shawn Pattison, a spokesman for Kingdon, said in a telephone interview.
Kingdon Capital had $4.9 billion in assets under management as of Dec. 31, 2008, the most recent data available.