FORT Management, a 23-year-old hedge fund firm led by two economists – Yves Balcer and Sanjiv Kumar – who formerly ran the investment division at the World Bank – has sold a 10 per cent stake to Goldman Sachs via its Petershill II fund. Based in New York and Chevy Chase, Md, FORT manages around USD1.6 billion and deploys systematic strategies that invest in multiple asset classes globally. The firm’s Contrarian and Diversified strategies have consistently beaten benchmark indices since inception.  FORT stands for Financial Opportunities in Research in Trading.