Breaking News

Tweet TWEET

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.