Saturday, 25 April 2015
Last updated 1 day ago
Feb 27 2014 | 12:49pm ET
Fortress Investment Group said today that its fourth-quarter profit rose 13% as performance fees rose.
The private-equity firm’s pre-tax distributable earnings were $121 million in the last three months of the year, compared to $107 million in the year-earlier period. Incentive income was up 53%; Fortress’ macro fund returned 4.8% on the quarter, and its Asia macro fund rose 4%.
Under generally-accepted accounting principles, Fortress earned 4146 million on the quarter, up from $102 million in the fourth quarter of 2012.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…