Tuesday, 21 October 2014
Last updated 7 hours ago
Jul 30 2007 | 8:42am ET
Fortress Investment Group has closed its latest private equity funds, Fortress Investment Fund V and Fortress Coinvestment Fund V, with a total of $5 billion in third-party capital commitments.
The firm said it expects the main fund, Fortress Investment Fund V, which had a previously announced first closing in May, to ultimately include an additional $1 billion of capital from its affiliates and employees.
Fortress managed approximately $36 billion in assets as of the end of March.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...