The global investment team of Centaurus Capital has joined the liquid markets business of Fortress Investment Group, with the combined business to be rebranded as Fortress-Centaurus Global Strategy.
The buisness will operate under the leadership of CIO Randy Freeman, and will help Fortress Liquid Markets business to further diversify.
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Fortress-Centaurus Global Strategy will operate its business from Fortress’s offices in Hong Kong, London, and New York, and will immediately transition to Fortress’s technology, infrastructure and marketing platforms.
CIO Randy Freeman said: "We are delighted to join Fortress and have the support to manage third-party capital under our flagship strategy. 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."
Fortress’s Liquid Markets business has approximately $7.7bn in assets under management as of 31 March 2014, and manage across four primary strategies — Fortress Macro, Fortress Asia Macro, Fortress Partners Funds, and Fortress Convex Asia.
Fortress further plans to add one or two new funds per year to its internal Liquid Markets platform.
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