Welcome!

News Feed Item

Investment Firm FORT Management Expands Operations, Launches New York Office

Firm founded by former World Bank fund managers Yves Balcer and Sanjiv Kumar opens office at 540 Madison Ave; brings on two new managing directors - Alan Marantz and Douglas McKeige; FORT regarded as leader in systematic investment strategies, with 21-yea

NEW YORK and CHEVY CHASE, Md., April 11, 2014 /PRNewswire/ -- FORT Management, an investment firm founded 21 years ago by two Ph.D. economists and former fund managers at the World Bank – Yves Balcer and Sanjiv Kumar – has expanded its operations and launched a first-time office in New York.

Based in Chevy Chase, MD since its founding in 1993, FORT focuses exclusively on systematic investment strategies developed by Messers. Balcer and Kumar.  The firm manages approximately $700 million in assets on behalf of institutional and high net worth investors worldwide.  

Mr. Balcer is heading up FORT's 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. 

Mr. 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.

Mr. 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," Mr. 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."

FORT is an acronym for Financial Opportunities in Research in Trading. FORT has a strong research culture and has pioneered a number of advancements in systematic investments during its two-decade history. 

Messers. Balcer and Kumar have utilized statistical analyses in developing proprietary models to generate uncorrelated returns in equities. Over its 21-year history, Fort has developed and implemented four unique quantitative strategies along with a set of proprietary trade processing systems. 

Mr. Balcer holds a Ph.D. in economics from M.I.T., a Ph.D. in operations research and an MS in statistics from Stanford, as well as an MS in mathematics from the Universite de Montreal.  He has published more than two dozen articles on finance and economics and formerly was an associate professor of economics at the University of Wisconsin.

Mr. Kumar earned his Ph.D. in economics from the University of Chicago and a BA in mathematics from the University of Delhi.  During his tenure at the World Bank, he managed fixed-income portfolios in all major currencies.

"Doug and I are excited by the opportunity to join Yves and Sanjiv, who bring extraordinary discipline and analytic rigor to their investment management at FORT," Mr. Marantz said.  "Now into its third decade, FORT has repeatedly broken new ground with its strategies and is regarded as a leader in the important field of systematic investment.  We are looking forward to helping the firm expand its footprint and recognition among institutional investors for years to come."

About FORT

FORT Investment Management is an investment management firm focusing exclusively on systematic investment strategies.  The firm was founded in 1993 by Yves Balcer and Sanjiv Kumar, who formerly worked together as senior fund managers at the World Bank and who continue to serve as the firm's co-leaders.  FORT manages assets on behalf of institutional investors and high net worth individuals internationally.  The firm maintains offices in Chevy Chase, MD and New York City.

Contact:
Allan Ripp
212-262-7477
[email protected]

SOURCE FORT Management

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, will discuss how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He will discuss how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...