Bloomberg News

Fortress Hires Goldman Sachs’ Shell to Start Growth Equity Unit

April 01, 2013

Fortress Investment Group LLC (FIG:US) said it hired David Shell to start a new growth equity business for institutional investors at its Logan Circle Partners unit.

Shell previously was co-chief investment officer of the growth equities investment team at Goldman Sachs Asset Management, where he was responsible for about $20 billion in client assets, New York-based Fortress said today in a statement. The appointment of Shell, who will be based in Tampa, Florida, marks the addition of institutional equities at Logan Circle, which manages about $21 billion across 15 fixed-income strategies, Fortress said.

To contact the reporter on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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Companies Mentioned

  • FIG
    (Fortress Investment Group LLC)
    • $6.72 USD
    • -0.35
    • -5.21%
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