Friday, 29 August 2014
Last updated 7 hours ago
Aug 5 2010 | 12:08pm ET
Stuart Bohart, the former head of Morgan Stanley’s asset management business, has joined Fortress Investment Group as head of its liquid markets business.
Bohart left Morgan Stanley last month, four months after losing the top job at Morgan Stanley Investment Management to Gregory Fleming. Since February, he has overseen about $230 billion of MSIM’s $260 billion in assets, including its hedge funds and private equity funds.
At Fortress, Bohart serves as president of liquid markets and senior management director of strategy, and will sit on both Fortress’ operating and management activities. As head of its liquid markets business, Bohart will oversee all non-investment activities.
Bohart’s hire will allow Michael Novogratz, Adam Levinson and William Callanan to focus exclusively on investments, Fortress CEO Daniel Mudd said. Novogratz and Levinson are co-chief investment officers of the firm’s macro funds, while Callanan is CIO of its commodity funds.
“Stu brings a unique depth of experience to our organization, having built and managed one of the industry's largest alternatives platforms, and his addition to our leadership team will allow us to achieve two important objectives,” Mudd said.
Bohart formerly headed Morgan Stanley’s prime brokerage business and also worked as a portfolio manager at hedge fund FrontPoint Partners, which is now a wholly-owned subsidiary of Morgan Stanley.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...