Chevy Chase, MD-based investment firm FORT Management is launching a New York office and has added two new managing directors as part of an expansion drive.

Chevy Chase, MD-based investment firm FORT Management is launching a New York office and has added two new managing directors as part of an expansion drive.

The New York office is headed by the founder of the company, Yves Balcer. He is joined by managing directors Alan Marantz and Douglas McKeige, who will direct business development and assist in firm management, FORT said in a statement. 

Before joining FORT, Marantz and McKeige worked at a discretionary macro hedge fund in New York, where they jointly directed business development efforts.

Marantz spent 26 years at Lehman Brothers, where he served as global head of private investment management and held other leadership roles. McKeige is an attorney who was formerly a managing partner at Bernstein Litowitz.

Founded in 1993 by former World Bank fund managers Balcer and Sanjiv Kuma, FORT currently manages $700 million in assets, largely for institutional investors globally.