Tuesday, 31 March 2015
Last updated 13 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…