$4.13
-0.11 (-2.59%)
Fortress Investment Group LLC (NYSE:FIG)
CAPS Rating:
Raise,invest,manage pvt equity & hedge funds etc.
Raise,invest,manage pvt equity & hedge funds etc.
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Recs
Fotress will convince a bunch of investors that this plan has a lot of upside and very little downside.
Raise $50b.
Collect 2% mgmt fee ( = $1B). Then who cares what happens to the assets.
FIG managers can retire comfortably.
They just made an easy $1B.
If FIG investors end up losing money, blame the government.