Tag Archives: fortress-investment-group-llc


Fortress 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 for its portfolios in coming quarters. Fortress executives said several […]

Former 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 Wesley Edens. Edens will remain with […]

Ex-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 document given to potential investors. Minerva Macro Fund, to […]

Blackstone, 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 “a lot of companies that are on the […]

Fortress 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 equity funds. The net loss was $140 million, […]

Investors 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 hedge fund and private equity […]

Man eyes more Asian institutional sales

Interactive Investor – Man Group aims to win more business from big Asian investors such as pension funds and insurers even as global financial turmoil spurs some existing clients to redeem holdings and seek safety in cash. The world’s largest listed […]

Biden’s Son, Brother Named in Two Suits

Washington Post – A son and a brother of Sen. Joseph R. Biden Jr. (D-Del.) are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went […]

Duff Capital to acquire hedge fund North Sound

Reuters- Investment firm Duff Capital Advisors said on Tuesday it acquired hedge fund group North Sound Capital. The two firms, both located in Greenwich, Connecticut, did not disclose terms of the deal. For Duff Capital, which launched in March with […]

Hedge fund managers betting on plunge in bank shares

The Independent- The American hedge fund group Harbinger Capital Partners revealed that it has made a significant bet on HBOS’s price falling, while its UK counterpart GLG admitted it is targeting the rival mortgage bank Bradford & Bingley, as investors […]

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