Thursday, 2 October 2014
Last updated 16 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...