Monday, 22 September 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.