Mike Novogratz, a former hedge fund manager who was once captain of Princeton’s college wrestling team, has been described as many things, including in just one New Yorker article in which he was featured last year. An on-and-off-again billionaire. A sidelined Wall Street legend. “Bombastic.” “Full of shit.” A former party animal whose “lifestyle issues” led to his removal as a partner at Goldman Sachs back in 2000. While Novogratz appears to be beloved by many friends, despite these qualities or perhaps because of them, he may be more notable as a risk-taker who has racked up big wins — and big losses — first at Goldman, then at Fortress Investments.