New York (HedgeCo.Net) – Hedge fund FORT Management, founded in 1993 by Yves Balcer and Sanjiv Kumar, who formerly worked together as senior fund managers at the World Bank, has expanded its operations and opened an office in New York.
The hedge fund firm manages approximately $700 million in assets, FORT is an acronym for Financial Opportunities in Research in Trading.
Balcer is heading up the new office, located at 540 Madison Avenue, and is being joined by two new managing directors – Alan Marantz and Douglas McKeige – who have come on board to direct business development and assist in overall firm management.
Marantz is experienced in institutional asset management, having spent 26 years at Lehman Brothers, where he held various leadership roles including global head of Private Investment Management, global head of fixed income sales, head of Fixed Income Asia and global head of foreign exchange.
McKeige, an attorney, was formerly a managing partner with leading litigation firm Bernstein Litowitz Berger & Grossman, known for its work prosecuting securities litigation cases on behalf of institutional investors globally. During his tenure, he helped Bernstein Litowitz advise clients in evaluating and commencing securities and other investor-related claims.
Prior to coming to FORT, Messers. Marantz and McKeige worked at a discretionary macro hedge fund in New York, where they jointly directed business development efforts.
“Sanjiv and I felt that this was the right time to establish a presence in New York and we could not be happier in having Alan Marantz and Doug McKeige join our new office and help lead our business development initiatives,” Balcer said. “Alan and Doug each have strong backgrounds in asset management and investor relations that will complement our existing team. Having a New York location will allow us to have closer contact with our existing investors and create better access for prospective clients as we continue to grow FORT.”
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