End the Siege on Fortress Investment Group [View article]
Remember, there are high water marks on fees. So they earn 20% only on new highs, not a rebound to old highs. I worked for a hedge fund once that didn't earn incentive fees for years..
Also, this is not the most shareholder friendly comp[any.
Your qualitative analysis is good but I think you need to drill down on the numbers a bit more. There is a good reason why FIG trades at this price and sports a"distressed" type dividend yield.
End the Siege on Fortress Investment Group [View article]
Also, this is not the most shareholder friendly comp[any.
Your qualitative analysis is good but I think you need to drill down on the numbers a bit more. There is a good reason why FIG trades at this price and sports a"distressed" type dividend yield.