Uploaded on Jun 3, 2010
Michael E. (Mike) Novogratz is the President of Fortress Investment Group, the first U.S.-based private equity/hedge fund manager to sell shares to the public. He joined Fortress in March 2002 and is responsible for the liquid hedge fund business, which includes running the Global Macro Funds.
This Opalesque BACKSTAGE is a fascinating, in-depth portrait of one of the leading global macro traders. Hear how Novogratz shares important insights and reflections about:
1.The Early Years of Global Macro Traders: Why international experience is key
2. What is Global Macro, any way?
o The DNA of a Macro Trader
o Risk Management for Global Macro
o The Rules of Success in Macro Trading
3. The significance of: o Instinct o Luck o Learning to trust your intuition, a "real intelligence"
4. Fortress Investment Group (NYSE:FIG) was the first U.S. private equity/hedge fund manager to launch an initial public offering (2007): Experiences, Reflections, Advantages
5. Fortress' Expansion Plans: o The Future of Alternative Asset Managers o Opportunities - Securing the Future o Traditional and Alternative Asset Management Businesses to Converge
Prior to joining Fortress, Mr. Novogratz spent 11 years at Goldman Sachs, where he became a partner in 1998. He held the positions of president of Goldman Sachs Latin America and Head of Fixed Income, Currencies and Commodities Risk in Asia, where he lived from 1992 to 1999. Mr. Novogratz received a B.A. from Princeton University, and served as a helicopter pilot in the U.S. Army.
Fortress Investment Group (NYSE: FIG) is a leading global investment management firm. Fortress offers a range of alternative investment strategies. Total assets are around $41.6bn, with $4.3bln in a global macro and a commodities based hedge fund.
Fortress' predecessor was founded in 1998 by Wesley Edens, Robert Kauffman and Randall Nardone. Fortress recently acquired Logan Circle Partners, a highly-regarded fixed income manager with $12bn assets AUM, which will meaningfully expand Fortress' capabilities in the traditional asset management space.
View part 2 here: http://www.youtube.com/watch?v=UhETNy...
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