Fortress CEO Edens sees opportunity in subprime mess
Posted in Business, Politics, News, Places, Links, Tech News, General on Aug 17th, 2007
This week, private equity firm Fortress Investment Group (NYSE: FIG) reported its Q2 earnings. Well, as should be no surprise, compensation costs were higher (not cheap to hire investment gurus). In fact, there was a net loss of $55.1 million. Although, the firm thinks a better metric is “pretax distributable earnings,” which came to $143 […]