Fortress Hires Artradis Vet Dredge

Oct 24 2011 | 9:40am ET

Fortress Investment Group has hired former Artradis Fund Management portfolio manager David Dredge as co-chief investment officer at its convexity strategies group, reports Reuters.

Singapore-based Artradis, which managed $4.9 billion at its peak, closed in 2011.

Dredge had joined Artradis in March 2009, coming to the volatility specialist from the Royal Bank of Scotland Group, where he’d served as deputy global head of local markets.

Fortress, which is planning to launch a second hedge fund in Asia next year, opened a Singapore office last year.

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