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From Sagar Chakraverty, Opalesque Asia:

Michael E. (Mike) Novogratz is the President of Fortress Investment Group, the first U.S.-based private equity and hedge fund manager that sold shares to the public in 2007. The firm manages a total of around $41.6bn, with $4.3bln in a global macro and commodities based hedge fund.

In a recent video interview with Opalesque’s founder Matthias Knab (video interview part one here), Mike shared his views on various issues such as: why international experience is key to global macro trade, rules of success in macro trading, and the ‘real intelligence’ that is trusting ones intuitions.

It was on April Fool’s day in 1989 that Mike started on Wall Street, at Goldman Sachs, as a money market salesman. He spent eleven years there and held the positions of president of Latin America and head of fixed income, currencies and commodities risk in Asia, where he lived from 1992 to 1999. Mike has also served as a helicopter pilot in the U.S. Army.

International experience is key to macro trade After a couple of years on Wall Street, Mike yearned to go overseas. Luck favoured him: “One day, John Corzine, my boss, called me and sent me to Tokyo. I was in Tokyo in 1992-93, and I started covering hedge funds. At that point, hedge funds did not have big institutional desks.”

Soon, Mike realised that proprietary trading was the place to be… some prop......................

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