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Stock Market & Financial Investment News

News Breaks
November 5, 2012
06:06 EDTFIGFortress upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Fortress with a $7.50 price target citing valuation and the company's assets under management growth.
News For FIG From The Last 14 Days
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January 29, 2015
08:29 EDTFIGTwo Fortress executives resign after macro fund loss, Reuters says
Chief Risk Officer Sherif Sweillam and portfolio manager Tye Schlegelmilch resigned from Fortress Investment Group this month after the Swiss Franc uncapping brought a 7.64% loss to the firm's $3.1B macro fund, reports Reuters, citing three sources familiar with the matter. Global head of trading Timothy Durnan will replace Sweillam. COMAC Capital and Everest Capital also saw heavy losses in macro funds. Reference Link
January 26, 2015
10:00 EDTFIGOn The Fly: Analyst Downgrade Summary
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05:36 EDTFIGFortress downgraded to Market Perform from Outperform at Keefe Bruyette
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January 22, 2015
10:03 EDTFIGOn the Fly: Analyst Downgrade Summary
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08:13 EDTFIGFortress downgraded at Oppenheimer
As noted earlier, Oppenheimer downgraded Fortress to Perform from Outperform. The firm downgraded the stock based on the weaker than expected performance of the company's private equity and liquid hedge fund businesses.
06:34 EDTFIGFortress downgraded to Perform from Outperform at Oppenheimer
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January 21, 2015
07:59 EDTFIGFortress macro fund loses 7.6% in week of SNB shock, Reuters says
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