Entries tagged "Fortress Investment Group"
Henry McVey, a previous 10-year veteran of Morgan Stanley, is returning as head of global macro and asset allocation for Morgan Stanley Investment Management.
Publicly traded hedge fund Fortress Investment Group LLC blocked all investors from withdrawing money, causing a decline in the stock by as much as 25% on Wednesday....
Kohlberg Kravis Roberts & Co. is putting plans to go public on ice. The private equity heavyweight said Monday morning that its plan to list on the New York Stock Exchange this year via a share swap with its publicly listed leveraged buyout fund would be delayed until next year. ...
New York-based Gramercy Capital Corp., feeling the credit squeeze and operating in a rocky real estate market, appointed Roger Cozzi as president and CEO, replacing Marc Holliday, who is stepping down from the post he held since Gramercy's inception in 2004. Maintaining its credit line is key for Gramercy, since it's flirting with breaching certain covenants on its unsecured bank lines, The Wall Street Journal reported....
The lawsuits over the $25 billion buyout of Clear Channel Communications Inc. by Bain Capital LLC and Thomas H. Lee Partners LP are moving quickly, while the wide spread on the buyout of Penn National Gaming Inc. by Fortress Investment Group LLC and Centerbridge Partners LP reflects worries about the credit market and the buyers' commitment. ...
