Daniel Mudd, appointed this week chief executive of Fortress Investment Group, plans to spearhead an acquisition strategy that could see the hedge fund buy other financial companies including banks, money management groups and other hedge funds. Mudd, former chief executive of Fannie Mae, joins Fortress as the hedge fund industry looks for signs that investor withdrawals are beginning to slow. Fortress manages $27bn.

This entry was posted by Gwen Robinson on Friday, July 24th, 2009 at 5:30 and is filed under Capital markets, M&A, People. Tagged with fortress. Edit this entry.