Former UBS fixed income boss said poised to move to Fortress

UBS building

Rajeev Misra, UBS’s former co-head of fixed-income, is preparing to join Fortress Investment Group, two people with knowledge of the matter said.

Bloomberg News reports that Misra, who has served as a senior adviser to UBS’s executive board since June, is poised to join the private equity and hedge-fund firm next month as a senior managing director in its credit operations, said one of the people, who asked not to be identified because they weren’t authorized to speak publicly. Misra formerly worked at Deutsche Bank.

The potential hire comes as Fortress’s assets under management have climbed 41% to $62bn since the end of 2011. Shares of the company, the first publicly traded private-equity and hedge-fund manager in the U.S., more than doubled last year as the firm’s macro funds posted gains and fee income rose.

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UBS's Misra Said Poised to Join Fortress Hedge Fund

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