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.
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.
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.
Goldman Sachs Group Inc. special situations-group chief Richard Ruzika plans to leave and will be replaced by Jason Brown .
Fortress Investment Group LLC , the buyout and hedge-fund firm run by Daniel Mudd , said second- quarter profit rose 24 percent as the market recovery boosted assets and fees.