Henry H. McVey, Morgan Stanley’s chief United States investment strategist will be joining the hedge fund Fortress Investment Group.
Mr. McVey had worked at the 71-year-old investment bank for 12 years, and served as its chief United States investment strategist since January 2004.
Fortress, founded in 1998, manages $36 billion for wealthy individuals and institutions, including Morgan Stanley, and in February this year became the first American hedge fund to go public.
It is the latest departure of a stock specialist from a major Wall Street firm to a younger company.