Monday, 28 July 2014
Last updated 7 hours ago
Aug 31 2010 | 10:34am ET
Are Fortress Investment Group’s top executives feeling bearish about the alternative investments giant?
Four of them sold off chunks of the firm’s shares last week, including CEO Daniel Mudd. Mudd, the former Fannie Mae CEO who took the reins at Fortress last year, dumped about one-sixth of his stake in Fortress, or 150,000 shares, netting himself $500,000.
Fortress shares are down about 27% this year.
Following in their boss’s footsteps where CFO Daniel Bass, General Counsel David Brooks and Chief Accounting Officer Jonathan Brown. Bass sold more than 6,000 shares, Brooks more than 5,000 shares and Brown more than 3,000 shares, according to regulatory filings.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…