Tuesday, 30 September 2014
Last updated 4 hours ago
Oct 18 2010 | 11:00am ET
Another top Fortress Investment Group executive is leaving New York as the alternative investments giant focuses more of its attention on Asia.
Peter Briger, co-chairman of the firm and head of its credit unit, will open a new office in San Francisco late next year, Bloomberg News reports. His relocation follows that of co-chief investment officer Adam Levinson, who plans to open a new Singapore office for the firm next year.
"Our business in Japan is big and growing, which requires me to spend more time on the phone and traveling to Asia," Briger told Bloomberg. Some members of Briger's team will also move to San Francisco, which will be Fortress' second West Coast office, after Los Angeles.
In an e-mail to employees, CEO Daniel Mudd said the move was for a mix of personal and professional reason.
"With the impact of Asia and particularly Japan in credit and the location of Pete's investors and competition in the area, the move makes sense," Mudd wrote.
In the e-mail, Mudd also announced the exit of Jarett Wait, head of investor relations and global capital formation.
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...