Fortress taps fund of funds expert for expansion

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New York-based Fortress Investment Group recently hired Alex Cook, formerly of Offit Hall Capital Management's fund of funds business, as part of a new initiative aimed at expanding its business into new arenas.

As part of the new initiative, Cook will be charged with investing in opportunities outside of the firm in order to expand its absolute return strategies business. These opportunities could be anything from investments in external hedge fund managers, to private equity deals or real estate ventures.

Cook began his career at Offit Hall as director of research. He later became a managing director and