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Michael Edward Novogratz is an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group. He was ranked a billionaire by Forbes in 2007 and 2008. Prior to joining Fortress, he was a partner at Goldman Sachs where he spent much time abroad including leadership roles in Asia and Latin America.
Novogratz is the CEO of Galaxy Investment Partners, a cryptocurrency investment firm. Originally scheduled to start his Galaxy Digital Assets Fund on December 15, 2017, he shelved plans because he “didn’t like market conditions.”
Galaxy Digital Holdings Ltd. is one of the few cryptocurrency companies required to publish financial results. In the first nine months of 2018, the company lost $136 million in cryptocurrency trading.