Shares of Fortress Investment Group LLC today dipped below the price at which the hedge fund and private-equity manager filed its initial public offering in February.
Bear Stearns has seized the assets from one of its troubled hedge funds, according to published reports.
The head of Goldman Sachs’s equity proprietary trading desk will start a hedge fund inside the firm, said a report.
The new ETF tracks the Morgan Stanley Capital International Europe, Australasia and Far East index.
Fortress Investment Group today closed a pair of funds with a final total of $5 billion in third-party commitments.
Amaranth Advisors LLC and a pair of its traders face $291 million in penalties for price manipulation, the Federal Energy Regulatory Commission said today.
SEC chairman Christopher L. Cox delivered Congress a "white paper" calling for upgrades to accounting and disclosure in the municipal securities market.
FSC Securities of Atlanta was taken to task in a recent NASD arbitration panel decision.
Leon Black could hold a stake worth $3 billion once the private equity firm sells part of itself to investors, the New York Post reported.
The SEC approved a new accounting standard that would lower costs on Sarbanes-Oxley compliance.
