Fortress Investment Group announced Monday that the investment team at Centaurus Capital will join the firm’s liquid markets business.
New York-based Fortress said that the new team, headed by Centaurus chief investment officer Randy Freeman, will be rebranded as the Fortress-Centaurus Global Strategy. The business will operate out of Fortress’ offices in Hong Kong, London, and New York, and will immediately transition to Fortress’s technology, infrastructure and marketing platforms.
The new addition will expand Fortress’ current liquid markets business.
Founded by Freeman and Bernard Oppetit in 2000, Centaurus managed about $5 billion at its peak in 2007 before returning external money last year. Fortress’s Liquid Markets business had approximately $7.7 billion in assets under management as of March 31; the firm, founded in 1998, manages a total of approximately $62.5 billion in assets.