Fortress hedge fund boss leaves

Exit

Stu Bohart, who oversaw Fortress Investment Group’s hedge fund unit, has left the firm after five years.

Bloomberg News reports that Bohart, the president of Fortress’s liquid markets business, left on Tuesday, said Gordon Runte, a spokesman for the firm. He joined in 2010 from Morgan Stanley.

The departure, reported earlier by the Wall Street Journal, comes as Fortress faces losses in its biggest hedge funds. Its macro fund, with about $2.3bn, was down 9.5% this year through July, according to a regulatory filing, and its Convex Asia funds slipped 1.5%. Its Centaurus Global Funds, started last year, lost 3.1%.

To access the complete Bloomberg News article hit the link below:

Fortress Hedge Fund President Bohart Departs Amid Macro Losses

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