Friday, 29 August 2014
Last updated 1 min ago
Dec 20 2010 | 9:30am ET
Stop us if you’ve heard this before: Fortress Investment Group is not paying a dividend to investors this quarter.
The New York-based alternative investments giant said it would “retain capital for future potential investment opportunities and for working capital purposes.” It is the tenth-straight quarter without a dividend from the $44 billion firm.
Fortress also said that director Howard Rubin would resign from its board at the end of the year. It appointed David Barry to fill Rubin’s post.
The firm did not offer any biographical information about Barry, who it said would be an independent director. Barry will also take over Rubin’s seats on Fortress’ audit and nominating committees; Rubin serves on the former as well as Fortress’ compensation committee.
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 ...