Monday, 30 March 2015
Last updated 3 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…