Ex-Deutsche Bank Trader Fahy Joins Fortress Investment

Former Deutsche Bank AG (DBK) currency trader Christopher Fahy joined Fortress Investment Group LLC (FIG), according to a spokesman for the private-equity firm.

Fahy was hired as a managing director in the asset manager’s liquid markets business, Gordon Runte, a spokesman for New York-based Fortress, said in a telephone interview today.

Fortress is the first private-equity and hedge-fund manager to be publicly traded in the U.S. The liquid-assets unit oversees $7.7 billion and manages the firm’s macro funds, which invest across products and geographies, as well as a fund-of-funds vehicle, according to Fortress’s website. The group, which was started in 2002 by Michael Novogratz, invests in assets including stocks, derivatives and currencies.

Fahy didn’t respond to a voice mail or e-mail seeking comment.

Fahy was dismissed from Deutsche Bank’s New York office for inappropriate communications, Bloomberg News reported in February, citing a person with knowledge of the move who asked not to be identified because they weren’t authorized to speak publicly.

Sebastian Howell, a spokesman for Deutsche Bank in London, declined to comment.

To contact the reporters on this story: Suzi Ring in London at sring5@bloomberg.net; Jesse Westbrook in London at jwestbrook1@bloomberg.net

To contact the editors responsible for this story: Heather Smith at hsmith26@bloomberg.net Cindy Roberts

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