News > Hedge Funds

NexAmerica People Moves: Fortress exec departs; Stanford Management CEO leaves for Credit Suisse

By NexChange
Hedge Funds

Fortress hedge fund exec departs firm. Stuart Bohart, president of the firm's hedge fund unit, is leaving the firm after five years. Fortress' macro trading business has suffered recently from disappointing performance and outflows. Bohart previously worked as co-head of Morgan Stanley's asset management unit. Wall Street Journal

Credit Suisse hedge fund arm hires former Stanford Management CEO. John Powers, former president and CEO, is leaving the Stanford University endowment to lead Credit Suisse Asset Management's new hedge fund initiative. Powers will be launching a strategy that invests in the equity of hedge fund managers. Institutional Investor
Photo: ©iStock.com/ooyoo
 

Subscribe to our Newsletter

Be one of the first to experience the future of financial services