It looks like George Soros just lost another chief investment officer

George Soros' chief investment officer Ted Burdick is stepping down just eight months after being promoted to the role, according to a Bloomberg News report.

Burdick will remain at Soros Fund Management, running a credit portfolio, Katherine Burton and Katia Porzecanski are reporting. The fund is searching for Burdick's replacement, according to the report.

Burdick's move marks the seventh time since 2000 that Soros has had to find a new CIO, the report said.

Soros, a billionaire philanthropist, turns 86 today.

Michael Vachon, a spokesman for Soros Fund Management, did not immediately respond to a request for comment.

Burdick's predecessor Scott Bessent left last fall after four years in the role. He has since launched one of the biggest hedge funds of recent memory. Bessent replaced Keith Anderson.

Two ex-Soros portfolio managers who left after disagreeing with Burdick are also launching a new hedge fund, which will be backed by legendary investor Stan Druckenmiller, as Business Insider previously reported.

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