Fortress' Briger To Open San Francisco Office

Oct 18 2010 | 11:00am ET

Another top Fortress Investment Group executive is leaving New York as the alternative investments giant focuses more of its attention on Asia.

Peter Briger, co-chairman of the firm and head of its credit unit, will open a new office in San Francisco late next year, Bloomberg News reports. His relocation follows that of co-chief investment officer Adam Levinson, who plans to open a new Singapore office for the firm next year.

"Our business in Japan is big and growing, which requires me to spend more time on the phone and traveling to Asia," Briger told Bloomberg. Some members of Briger's team will also move to San Francisco, which will be Fortress' second West Coast office, after Los  Angeles.

In an e-mail to employees, CEO Daniel Mudd said the move was for a mix of personal and professional reason.

"With the impact of Asia and particularly Japan in credit and the location of Pete's investors and competition in the area, the move makes sense," Mudd wrote.

In the e-mail, Mudd also announced the exit of Jarett Wait, head of investor relations and global capital formation.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note