Hedge fund Oceanwood promotes Garcia-Woods to number two -source

LONDON (Reuters) - Oceanwood Capital Management has promoted Julian Garcia-Woods to the role of chief portfolio advisor in a major reshuffle of the $2 billion hedge fund's leadership, a source with direct knowledge of the matter told Reuters.

Following the decision to appoint Garcia-Woods, Luke Lynch has decided to leave to set up his own firm, the source said.

(Reporting by Simon Jessop; Editing by Kirsten Donovan)