Saturday, 22 November 2014
Last updated 15 hours ago
Nov 13 2007 | 11:41am ET
For the second straight quarter, Fortress Investment Group is in the red, after a special charge wiped out its profit.
The New York-based alternatives giant posted a net loss of $38 million in the third quarter, due to a non-cash charge of $54 million stemming for its principals’ agreement related to the firm's initial public offering in February. Fortress turned a $64.7 million profit in the year-ago period.
Third-quarter revenue soared 80% to $219 million as assets under management declined 8% to $39.9 billion.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...