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Stock Market & Financial Investment News

News Breaks
February 27, 2014
07:04 EDTFIGFortress reports Q4 pre-tax distributable EPS 24c, consensus 20c
Reports Q4 revenue $565.5M. Reports GAAP book value per share of $3.29 as of December 31, 2013. As of December 31, 2013, assets under management totaled $61.8B, up from $58B as of September 30, 2013.
News For FIG From The Last 14 Days
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October 24, 2014
06:44 EDTFIGUniCredit CEO likely to select Prelios, Fortress for UCCMB bid, Reuters says
Unicredit (UNCFF) CEO Frederico Ghizzoni said that the company is negotiating with a group comprising of Fortress (FIG) and Prelios on the divestiture of its division Unicredit Credit Management Bank and could potentially enter exclusive discussions soon, according to Reuters, citing comments from Ghizzoni. Reference Link
October 21, 2014
12:55 EDTFIGNathaniel August discusses long position in Fortress
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09:01 EDTFIGOmnisure announces sale to Fortress, affiliates
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October 10, 2014
18:46 EDTFIGFortress looking for $4B to acquire distressed debt, Bloomberg reports
Fortress Investment is seeking approximately $4.3B to buy distressed debt from around the world, Bloomberg reports, citing people familiar with the matter. The firm is looking for a $2B private-equity structured credit fund with the rest of the balance coming from managed accounts that will invest alongside the deals, two people familiar with the plans added. Reference Link

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