SoftBank agrees to buy Fortress for $3.3B in cash

SoftBank Group has agreed to buy Fortress Investment Group for $3.3 billion, its first major investment in an asset manager. [Read More]
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Rob Turner buys Woods’ stake in Taylor Woods …new firm called Madava Asset Management

Following a 14% loss last year, Trevor Woods and George Taylor are splitting up. ArcLight Capital Partners founder Robb Turner [Read More]
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Sightings….

  Steven Mnuchin was confirmed as Treasury Secretary today by a 53-47 vote along party lines. All 52 Republicans voted [Read More]
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Performance Round-Up: Hedge funds off to a strong start

Hedge funds posted their best January in four years, according to HFR statistics. The HFRI fund weighted index climbed 1.2% [Read More]
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Launches: DeepBlue Global Investment, Light Sky Macro, Blackstone Strategic Alliance Fund III

Han Tongli‘s DeepBlue Global Investment is planning two fixed income funds in Q1. According to Bloomberg News, three strategic investors [Read More]
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