Fortress Execs. Sell Off Shares

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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of