YWR: Peak Multi-Strat

Fortress is creating a Multi- Strat fund too?

I was happy for Katie, but couldn’t help thinking ‘Does the world really need another Multi-Strat hedge fund?’

Is there a limit to these things, or does Fortress go and do the same thing; hire 100 traders in an assortment of strategies, manage the risk, market it as ‘7-8% with low volatility’, and raise $20 …