Michael Novogratz is the president of investment firm Fortress Investment Group. Prior to joining Fortress, he was a partner at Goldman Sachs. He is a graduate of Princeton University, where he was a member of the wrestling team. He is a former U.S. Army helicopter pilot.

Fortress Investment Group LLC is an American investment management firm based in New York City. The company went public on February 9, 2007. As of December 2012, the firm managed alternative assets in private equity, liquid hedge funds and credit funds.

Wednesday, June 5, 2013

Art Is the Next Gold: Novogratz

"Art is 100 percent a bubble—I mean it has all the markings for a bubble," Novogratz said. "Prices have gone parabolic. You go to any of the art shows and you know even the cheap stuff that was $10,000 two years ago is now $80,000. The expense of art has gotten crazy."


Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)