The global investment team of Centaurus Capital, led by chief investment officer Randy Freeman, is to join the Fortress Investment Group’s liquid markets business.
The team, which will be rebranded as the Fortress-Centaurus Global Strategy, will operate out of Fortress’s offices in Hong Kong, London and New York, and will immediately transition to Fortress’s technology, infrastructure and marketing platforms.
The addition will further diversify Fortress’s liquid markets business, adding a seasoned team with 20 years of experience in the fast growing global equity long-short and event-driven space.
Centaurus Capital was co-founded by Freeman and Bernard Oppetit in 2000. The team now manages a global opportunistic fund, specialising in long-short and event-driven equity strategies, with a geographical focus on Europe, Asia Pacific and the emerging markets.
“We are delighted to join Fortress and have the support to manage third-party capital under our flagship strategy,” says Freeman. “Our goal in seeking a partner was to gain world class infrastructure, client relationships, and business management so that our investment team can focus on what we do best: investing. In Fortress, we have found the ideal partner. The global event-driven space is very attractive and we look forward to delivering consistent risk-adjusted absolute returns to our investors.”
“We are committed to steady growth and diversification of our business by engaging best-in-class managers with scalable strategies in areas with long-term investment opportunity,” says Stu Bohart, president of Fortress Liquid Markets. “The addition of Randy and the Centaurus team allows us to deepen our relationships with current Fortress investors while also adding significant new investment skill and insight to our research process.”
