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Todd Walker is the Executive Director and Chief Strategist at HedgeTracker, where he is responsible for overseeing research, analytics and business development. He has particular expertise in investments that are popular among elite hedge fund managers, shareholder activists and... More
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  • Fortress aims to raise $5 billion by end of 2010 0 comments
    Dec 11, 2010 2:27 PM | about stocks: FIG

    Dan Mudd, the CEO of global alternative asset manager Fortress Investment Group (NYSE: FIG), recently stated that he expects that the firm will successfully raise $5 billion in new capital by the end of 2010. As of early November, the firm had already locked in $4.6 billion of his target. According to Reuters, Fortress has increased its involvement in Japan over the past year, and plans to re-focus its fundraising efforts on the Middle East and Asia in the future. In the past, most of the firm’s capital has come from European and North American investors.

    Fortress Investment Group is a global alternative investment and asset management firm founded in 1998 by BlackRock veterans Wesley Edens, Robert Kauffman and Randal Nardone. The firm manages private equity funds, hedge funds, and publicly traded alternative investment vehicles, as well as traditional asset management products through its Logan Circle Partners subsidiary.

    Stocks: FIG
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