Thursday, 28 August 2014
Last updated 5 hours ago
Dec 10 2010 | 12:28am ET
Fortress Investment Group expects to have raised more than $5 billion by the end of this year, its CEO said yesterday.
Daniel Mudd said 2010 fundraising by the New York-based firm "should be over" $5 billion. The firm had raised $4.6 billion in new money by the first week in November.
Mudd credited Fortress' wider net for the success of its fundraising this year. He told the Goldman Sachs U.S. Financial Services Conference that it has expanded its client base from the U.S. and Europe to Japan and plans to do more fundraising in Asia and the Middle East in the future.
"Capital raising more broadly on a global basis will be a key priority doing forward," he said.
Despite the optimism, Mudd said the days of truly huge private equity funds might be over. Fortress' next fund is likely to be in the $1 billion to $3 billion range, he said, and not as high as $5 billion or $7 billion.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...