Fortress Adds FX Firepower From Citigroup, Deutsche Bank
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Fortress Investment Group LLC hired two foreign-exchange specialists including Citigroup Inc.’s Jeffrey Feig, taking advantage of turmoil at global currency dealers to bolster its hedge funds.
Feig, 47, will be co-president of Fortress’s Liquid Markets business and co-chief investment officer of the Fortress Macro Fund, the New York-based company said today in a statement. Fortress also hired former Deutsche Bank AG currency trader Christopher Fahy for the liquid-markets business, which oversees $7.7 billion including the firm’s macro funds, said Gordon Runte, a Fortress spokesman.