Sunday, 28 December 2014
Last updated 1 hour ago
Jul 21 2008 | 9:58am ET
A new Fortress Investment Group hedge fund betting on a rebound in mortgage-backed securities has fallen by about 30% in its first three months of trading.
The Fortress Mortgage Opportunities Fund is reeling from the continuing downward spiral in the mortgage market, The Wall Street Journal reports. The fund invests only in the highest-rated mortgage-backed bonds, and employs only three-times leverage.
Still, despite the dismal start, the Mortgage Opportunities Fund is not in danger of collapse, thanks both to its modest leverage and its three-year lockup period. Fortress raised some $560 million for the fund, and in June invested another $200 million.
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.