Trader Lands $300 Million To Stay Put At Fortress
Wall Street Journal – Eager to keep one of its key employees, publicly traded Fortress Investment Group LLC has lavished a $300 million share grant on one of its star traders, 38-year-old Adam...
View ArticleWall Street Jounal Columnist Speaks at Hedge Fund Summit
West Palm Beach (HedgeCo.net) – Wall Street Journal columnist Gregory Zuckerman and Ely Razin, senior director of strategy, Westlaw Business, will deliver a luncheon presentation on "State of the Hedge...
View ArticleFortress fighting to keep two of its companies afloat
FT – Reuters – Fortress Investment Group LLC, one of the few publicly traded managers of private equity and hedge funds, is taking action to keep two of its companies afloat, the Financial Times said,...
View ArticleKey 2010 Olympics company in BC refinances just ahead of deadline
Metro Canada – A company that will play a key role in the Vancouver 2010 Olympic Games ended rampant speculation about its financial well-being Thursday by completing a deal to refinance a $1.7-billion...
View ArticleInvestors Rush for Redemptions in Fortress Hedge Funds
New York (HedgeCo.Net) – Clients of Fortress Investment Group LLC have requested to withdraw more than $4.5 billion of their assets over the next few months, according a statement released by the hedge...
View ArticleDE Shaw, Farallon Restrict Withdrawals as Fund Freeze Deepens
Bloomberg – D.E. Shaw & Co. LP, the investment firm run by David Shaw, and Farallon Capital Management LLC limited withdrawals by clients, joining more than 80 hedge-fund managers to impose...
View ArticleBlocked exits can be costly at hedge funds-paper
guardian.co.uk – Hedge fund investors may face an expensive tug-of-war with managers, according to a new research paper that suggests they could lose as much as 15 percent of their initial investments...
View ArticleInvestors joining hedge fund club get burned
Reuters - Two years ago, investors scrambled to snap up shares in elite hedge fund firms, eager for a piece of the lucrative action. What they got instead were big losses. Starting in early 2007, when...
View ArticleHedging loopholes
Blueridgenow.com – Hedge funds have been in the news recently, usually with a watered down description of the characteristics of these investment vehicles. Most folks know that Chelsea Clinton works...
View ArticleFortress Investment has bigger quarterly loss
Reuters – Fortress Investment Group LLC , one of the few publicly traded U.S. alternative asset managers, said on Monday its quarterly loss more than quadrupled, hurt by writedowns in some private...
View ArticleBlackstone, Fortress Seek Hedge-Fund Takeovers After Debt Slump
Bloomberg – Blackstone Group LP and Fortress Investment Group LLC are seeking to take over credit funds from managers unable to support their businesses after the value of investments fell. There are...
View ArticleEx-Fortress H.K. Head Plans Hedge Fund, Document Says
Bloomberg – Stanley Ku, former head of Fortress Investment Group LLC’s Hong Kong office, plans to start an Asia- focused hedge fund to profit from macroeconomic developments, according to a marketing...
View ArticleFormer Fannie Mae executive to become Fortress CEO
CNBC – Fortress Investment Group LLC has named former Fannie Mae CEO Daniel H. Mudd as its new CEO, effective Aug. 11. Mudd, a Fortress board member, takes over for co-founder and majority shareholder...
View ArticleMarket Chatter — Corporate finance press digest
Reuters – The following corporate finance-related stories were reported by media on Friday: * Fortress Investment Group, among the largest private equity and hedge fund firms, is looking to go on an...
View ArticleFortress Investment loss narrows
Reuters – Fortress Investment Group LLC, one of the few publicly traded U.S. hedge fund groups, reported a narrower quarterly loss on surprisingly strong revenue Wednesday, and forecast improved demand...
View ArticleHarvard Management hires two from hedge funds
Reuters – Harvard Management Co, which invests the Ivy League school’s multibillion dollar endowment, hired two investment managers away from two prominent hedge funds, the university said on...
View ArticleMan Seeds Hong Kong-based Minerva Macro Fund
HedgeCo.net (West Palm Beach) – Man Investments’ seeding fund, RMF Global Emerging Managers, has completed its second incubation deal of the last two months, providing a cornerstone investment of $50...
View ArticleEinhorn’s Greenlight Capital Added to the List
New York (HedgeCo.net) – Alternative investment firms continue to post poor second quarter results. On Monday, Greenlight Capital RE, the reinsurer headed by David Einhorn, reported a second quarter...
View ArticleTrader Lands $300 Million To Stay Put At Fortress
Wall Street Journal – Eager to keep one of its key employees, publicly traded Fortress Investment Group LLC has lavished a $300 million share grant on one of its star traders, 38-year-old Adam...
View ArticleWall Street Jounal Columnist Speaks at Hedge Fund Summit
West Palm Beach (HedgeCo.net) – Wall Street Journal columnist Gregory Zuckerman and Ely Razin, senior director of strategy, Westlaw Business, will deliver a luncheon presentation on "State of the Hedge...
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