Oaktree Capital Group LLC, the world’s largest distressed-debt investor, said third-quarter profit rose 70 percent as it earned more fees for exceeding performance targets.
Peter Briger , co-chairman of Fortress Investment Group LLC and head of the credit unit, will move to San Francisco and open a new office for the asset- management firm.
Hedge-fund manager Philip Falcone, beset by declining assets, federal securities regulators and the bankruptcy of his largest investment, is borrowing money against personal real estate he bought during better days.
For Goldman Sachs Group Inc. ’s Special Situations Group, disasters can be a source of some of the biggest profits. Now the secretive investing operation faces its own potential calamity.
After the U.S. government snatched Fannie Mae from the brink of collapse in 2008 and forced out its chief executive officer, Daniel H. Mudd, he headed for the river.
William Tanona, an analyst who specializes in U.S. brokerage stocks, is leaving UBS AG after less than a year to work for Fortress Investment Group LLC’s corporate credit group.
Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said fourth-quarter profit more than doubled on higher fee income from managing funds.
Timothy J. Sloan ’s rise to chief financial officer at Wells Fargo & Co. may have been cemented by what he didn’t do, not just what he did.
A year after the financial crisis subsided, the $2.5 trillion private-equity industry is finding the easy money may be gone.
Goldman Sachs Group Inc. special situations-group chief Richard Ruzika plans to leave and will be replaced by Jason Brown .