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Stuart Bohart to join Fortress as president of liquid markets

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Fortress Investment Group has appointed Stuart Bohart as president of liquid markets and senior managing director – strategy.

Bohart will become a member of Fortress’s operating and management committees, and will have responsibility for all non-investment activities of the firm’s liquid markets business.

"Stu brings a unique depth of experience to our organisation, having built and managed one of the industry’s largest alternatives platforms, and his addition to our leadership team will allow us to achieve two important objectives," says Fortress chief executive officer Daniel Mudd. "First, as president of liquid markets, Stu will immediately take on management responsibility for running the business, which will allow Michael Novogratz and Adam Levinson, co-chief investment officers of our macro funds, and Bill Callanan, chief investment officer of our commodities funds, to focus exclusively on investments. This has been a key corporate objective. Second, Stu will play a key role identifying and executing on strategic opportunities to build our business."

Since 1997, Bohart held positions of increasing responsibility at Morgan Stanley, most recently as co-head of Morgan Stanley Investment Management. In this role, Bohart had direct management responsibility for hedge funds, asset allocation, long-only equity and fixed income and fund of funds, and served as chief investment officer of equities and chair of the MSIM risk committee.

Previously at Morgan Stanley, Bohart served as head of alternatives for MSIM, with responsibilities for hedge fund activity, including the management of FrontPoint Partners and stakes in Avenue Capital, Traxis Partners and Lansdowne Partners.

He also served for two years as global head of Morgan Stanley Prime Brokerage. He joined Morgan Stanley in 1997 as a portfolio manager in Morgan Stanley Asset Management, and later served as portfolio manager for a long/short equity fund at FrontPoint Partners, a wholly-owned subsidiary of Morgan Stanley.

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