Saturday, 22 November 2014
Last updated 1 day ago
Sep 24 2010 | 11:50am ET
Fortress Investment Group shareholders can be forgiven for wondering if they’ll ever receive a dividend again.
The New York-based alternative investments giant said yesterday that it would not pay a third-quarter dividend. It is the ninth consecutive quarter that Fortress has chosen to withhold a dividend; the firm hasn’t paid one since the second quarter of 2008.
Fortress said it would retain capital for potential future investment opportunities and working capital purposes.
The $41.7 billion firm had $167.5 million in cash at the end of the second quarter.
Fortress shares are down about 20% this year.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...