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September 03, 2015 01:00 AM

Fortress Investment's hedge fund president resigns

Christine Williamson
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    Stuart H. Bohart resigned as managing director and president of liquid markets at alternatives manager Fortress Investment Group, effective Tuesday.

    During his five-year tenure, Mr. Bohart had oversight of the firm's hedge fund business. Gordon Runte, a Fortress spokesman, confirmed Mr. Bohart's departure but declined to comment about whether he will be replaced.

    Mr. Bohart could not be reached for comment by press time about his future plans.

    Fortress managed a total of $13.6 billion in hedge funds as of June 30.

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