Quiznos is preparing to file for bankruptcy within a few weeks as it battles with declining sales, The Wall Street Journal reported.» Read More
The Navy Seal Foundation rings the opening bell at the NYSE to honor Fortress Trading as a recipient of its 2011 Patriot Award, with Fortress Investment Group's Daniel Mudd, Drew Fox, Mike Martin, and D.J. Haley.
Many of the conference attendees are considered industry icons for outperforming their peers. Click to see the Hedge Fund elite, and how much money they’re managing.
Regulators are nearing a settlement with Fannie Mae and Freddie Mac over whether the mortgage finance giants adequately disclosed their exposure to risky subprime loans, bringing to a close a three-year investigation. The New York Times reports.
Hedge fund managers are preparing to enter the second half of the year with plenty to be bearish about – and not much, it seems, to make money from. The FT reports.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
When Goldman Sachs went public 12 years ago this month, an elite group of 221 executives controlled the strategy and shares of the investment bank, the New York Times reports.
The initial public offerings slated for this week were set to raise around $1.1 billion, according to IPOscoop.com, but it’s looking like the number will be much higher come Friday’s close.
The auction for CitiFinancial’s subprime consumer lending unit has moved into round two, according to two people familiar with the situation.
Citigroup is seeking buyers for CitiFinancial, the largest consumer finance company in the US, in a deal that could raise hundreds of millions of dollars and mark a milestone in the bank’s efforts to break with its troubled past. The FT reports.
These investments—partnerships that own oil and gas pipelines and storage facilities—throw off great income for investors while providing equities-like liquidity.
American International Group said Wednesday it is selling an 80 percent stake in its consumer credit business, American General Finance, to hedge fund manager Fortress Investment Group as it continues to sell off assets to repay taxpayers.
Three years after the financial crisis caused it to shelve its initial public offering, shares of private equity firm Kohlberg Kravis Roberts will make their debut on the New York Stock Exchange Thursday.
A pair of well-known investor newsletters are advising followers to sell stocks and move into all-cash positions.
Many of the top hedge funds have had to readjust their investment strategies to reduce risk amid volatile global markets.
The hedge fund summit taking place in Las Vegas this week is an extensive and diverse mix of industry leaders, who are outlining new defensive action plans on how best to play the global markets.
With the Euro Zone crumbling under pressure of a debt crisis, Michael Novogratz, president of Fortress Investment Group, told CNBC his hedge fund is de-risking its position and moving toward the US to play the anti-growth trade.
With the melt-up continuing in the face of some serious headwinds, how should you trade this bull market that just won’t quit?