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
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...