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Entries tagged "Fortress"Deal Stocks: Logic and fundamentals have been thrown out the windowHas everyone gone mad on Wall Street? Have fundamentals and logic been tossed aside in lieu of panic and fear driven trading? It at least appeared so Friday with a handful of Deal Stocks. ... Go public? What is Steel Partners thinking?As the three publicly traded U.S. hedge funds, Och-Ziff Capital Management Group LLC, GLG Partners Inc. and Fortress Investment Group LLC, have been battered by Wall Street over the past year, it makes you scratch your head as to why Steel Partners LLC is volunteering for the same possible punishment as it plans to take its $1.2 billion Steel Partners II LP fund public via a reverse merger with WebFinancial LP. ... Deal Stocks: Madoff Ponzi scheme sends ripples through battered hedge fundsA hedge fund industry that stands on weak legs had them further weakened by more news of Ponzi schemer extraordinaire Bernard Madoff. As new details circulated about financial services firms and hedge funds, such as Man Group plc, that were duped by the deceitful investment adviser, a hedge fund arena bruised and battered by redemptions and performance losses has taken even more hits. ... Does the TARP cover all? Wall Street seems to hope soFollowing heavy selling early Friday after the Senate failed to come to an agreement Thursday night on the $14 billion package to keep General Motors Corp. and Chrysler LLC driving, the Dow Jones Industrial Average somewhat surprisingly ended up 64.59 points to close at 8,629.68. Driving the markets into positive territory was news that the U.S. Treasury Department may consider allowing Detroit to hide under the thinly stretched Troubled Asset Relief Plan, which was originally created for financial services companies.... When casinos gamble ... and lose?It's safe to say that the state of the casino industry has changed substantially in the past year or two. ... Blackstone, Fortress are countercyclicalOne of the selling points of private equity is that its returns are not linked to the stock markets, or at least that they are somewhat independent. That was certainly true this week. Amid the bloodbath in the equity markets Monday, the stocks of two private equity fund managers were sharply up: Blackstone Group LP and Fortress Investment Group LLC. ... KKR IPO story emblematic of moribund PE marketThere's no clearer symptom of how utterly lifeless the private equity market has become than Thursday's prominently placed piece in The Wall Street Journal's C section that Kohlberg Kravis Roberts & Co. hasn't given up on the notion of going public.... Fortress Investment posts lossThe New York private equity firm reports it's $69 million in the red. This date in deal history: US Airways files for bankruptcy, againSept. 13, 2004: Arlington, Va.-based airline US Airways Group filed for bankruptcy a second time in the post-Sept. 11 era. At the time of the filing, common wisdom suggested the airline would not survive another bankruptcy. In the months that followed, the common wisdom seemed correct as the airline tried to wrestle concessions from its unionized employees. During the Thanksgiving holiday week, ground crews called out sick and allegedly lost luggage to show their displeasure with the tense negotiations. Ultimately, the airline won the necessary concessions from the unions. In addition, it cancelled new plane orders and leases in order... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Fortress." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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