Problems with a small but high-profile macro hedge fund belie Fortress managing more money than ever.» Read More
NEW YORK, March 6- LightSquared gained momentum this week in its effort to end its three-year bankruptcy after a judge dealt a blow to its main creditor and adversary, Charles Ergen, ahead of a week-long trial on its latest debt restructuring plan. LightSquared, the would-be wireless provider owned by Phil Falcone's Harbinger Capital Partners hedge fund, on...
*Sale a major step in Citi's plan to sell unwanted assets. Springleaf shares touch record high, Citi marginally higher. March 3- Springleaf Holdings Inc said it would buy Citigroup Inc's OneMain Financial Holdings Inc for $4.25 billion in cash, creating the largest subprime lender in the United States.
MILAN, Feb 12- UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros.
BOSTON, Jan 28- Two executives at hedge fund Fortress Investment Group are leaving the firm after its macro fund suffered heavy losses in the wake of recent currency market upheaval, three sources familiar with the moves said. Sweillam has been with Fortress since 2013, and his duties will be taken up by global head of trading Timothy Durnan, the sources said.
Despite recent ups and downs, hedge funds are now more in love with Japan than at any time in the last decade.
Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.
Hedge funds designed to profit from choppy and down markets have mostly underwhelmed in October.
The big "bucks" keep flowing from Manhattan to Milwaukee with Jamie Dinan joining Marc Lasry and Wes Edens as an owner of the NBA's Bucks.
Oct 8- Citigroup Inc's consumer finance unit, OneMain Financial Holdings Inc, filed for an initial public offering of its common stock, a big step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients. OneMain is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest...
Fortress Investment Group executive Gareth Henry thinks Brazil is the best place to invest in over the next year.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Accounting giant Ernst & Young will pay $4 million to settle civil charges that it violated auditor independence rules, U.S. regulators said.
A draft plan to boost Japanese growth promises to overhaul corporate governance and promote technology but it leaves many questions unanswered.
Fortress Investment Group LLC is reportedly considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village.
Some of the names on the move ahead of the open.
Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.
SkyBridge's SALT Las Vegas has a lagging younger sibling, SALT Singapore.
Quiznos is preparing to file for bankruptcy within a few weeks as it battles with declining sales, The Wall Street Journal reported.
The CEO of a $5 billion hedge fund can expect to make between $7 million and $10 million if the fund returns just 10 percent.
Large asset managers are heralding infrastructure investing given crumbling pipes, ports and power plants--and broke governments.