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.
When we met earlier this year, I was impressed by his openness and perspective on the industry. It also comes through in the interview below.
In this revealing three-part interview, Novogratz shares his insights and reflections about:
1. How he earned his position.
2. The DNA, Risk Management, and Rules of Success in Macro Trading.
3. The significance of Instinct, Luck, Intuition, and a "Real Intelligence".
Mike Novogratz, President of Fortress Investment Group — Opalesque TV — Part 1.
Mike Novogratz, President of Fortress Investment Group — Opalesque TV — Part 2.
Mike Novogratz, President of Fortress Investment Group — Opalesque TV — Part 3.
Prior to joining Fortress, 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. Total assets are around $41.6bn, with
$4.3bln in a global macro and a commodities based hedge fund.