Bloomberg – Fortress Investment Group LLC (FIG), the first publicly traded hedge fund and private equity manager in the U.S., is forming a global equity group that can bet on rising and falling stocks, two people with knowledge of the matter said.
Fortress Global Equity Advisors LLC will be led by Steve Geskos and Tye Schlegelmilch, said the people, who asked not to be identified because the information isn’t public. Fortress, which oversees $66 billion and specializes in hedge funds that trade credit or across asset classes based on macroeconomic themes, will start with a long-short fund, its first dedicated pool for the strategy.
