FS Investments Taps Carter For Top Strategy Role

Jul 12 2017 | 7:02pm ET

Alternative asset manager FS Investments has named former Magnetar Capital executive Michael Carter as executive vice president and head of strategy. 

In his new role, Carter will oversee the company’s strategy and business development, according to a statement, and focus on growing FS's existing credit franchise and expanding into other alternative investment platforms. He will serve on the firm’s executive committee and be based in Philadelphia. 

Carter was most recent chief operating officer of hedge fund manager Magnetar Capital, where he had direct managerial responsibility for all global operations, strategic planning and business development.  Beforehand, he spent 15 years at Lehman Brothers in various credit and investment banking roles, including leadership roles in the interest rate derivatives, securitization, structured credit and CDO businesses. He was co-head of Lehman's Structured Credit Desk, co-head of its US Structured Credit Sales group and a leader of the Hedge Fund Banking Group.  

"Mike Carter has had a broad, impressive career in financial services as a credit and hedge fund platform builder, operator and leader," said Michael Forman, chairman and CEO of FS Investments, in the statement. "Mike's investment experience and strategic focus will be critically important as we continue to build our business to offer investors more alternative investment options."

Founded in 2007 as Franklin Square Partners, FS Investments is designs alternative investments to help institutional, advisory and individual investors build better portfolios. Its solutions include business development companies, closed-end credit funds and operating companies. The Philadelphia-based firm currently manages six funds with over $20 billion in assets under management as of March 31, 2017.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...