Thursday, 18 December 2014
Last updated 49 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.