Stuart Bohart is joining Fortress Investment Group as president of liquid markets and senior managing director-strategy, confirmed spokesman Gordon E. Runte.
The position is new.
Mr. Bohart will be responsible for all non-investment activities of the firm's liquid markets business, according to a news release from Fortress. With his arrival, Michael Novogratz and Adam Levinson, co-chief investment officers of Fortress' macro funds, as well as commodities funds CIO William Callanan will be able to focus “exclusively on investments,” the release said.
Mr. Bohart had been co-head of Morgan Stanley Investment Management; he left there in mid-June.