Fortress Investment Group related stories
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Friday Letter It's in the numbersInvestment bankers and their inflated bonus schemes have become the latest point of focus as people debate the cause and effects of today's financial turmoil. But as Terra Firma chief Guy Hands pointed out this week, the private equity industry’s traditional compensation structure is far from the investment bank bonus culture and - crucially - does not incentivise disproportionate risk-taking for personal gain.
- Friday Letter To list or not to list
Private equity-backed IPO filings and floats are on the rise, but that doesn’t mean public markets will necessarily take over as a preferred exit route.
- Fortress CEO Mudd takes leave of absence
The firm's co-founder Randal Nardone will assume the role of interim CEO now that SEC-charged Daniel Mudd (pictured) has taken a leave of absence.
- Fortress talks LPs through CEO transition
The firm has kept its limited partners updated on the situation with its CEO Daniel Mudd, who has taken a leave of absence amid SEC allegations, even though Mudd was not a ‘key man’ in the firm’s private equity funds.
- Report: Firms explore Nomura deal
The Tokyo-based financial conglomerate is reportedly considering the sale of its real estate unit alongside other businesses, with interest coming from KKR, TPG and Fortress.
- Listed private equity feels the heat
Listed private equity groups suffered sharp declines in their share prices during last week’s severe public market downturn, with some analysts wary about the volatility of the sector.
- Going public and misalignment of interests
During The Blackstone Group’s second quarter earnings call in July, firm president Tony James explained that being a public company does not present any ‘misalignment of interests’ for the firm’s limited partners.
- Fortress bosses sign on for five years
Wesley Edens, Robert Kauffman, Peter Briger, Randal Nardone and Michael Novogratzhave have entered into new five-year contracts as Fortress reported ‘off expectations’ second quarter results.
- George Roberts: On the upswing
In a rare in-depth interview, KKR co-founder George Roberts discusses both the firm’s and private equity’s ongoing evolution as they move past credit crisis ‘hiccups’ and closer to maturity.
- Embattled SHUAA loses PE head
Anis Bibi has resigned from Dubai-headquartered SHUAA Capital, which is slashing 11% of its workforce amid first quarter losses.