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.
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