New York-based Fortress Investment Group, an alternative
investment shop with $26 billion in hedge fund and private
equity assets, on Wednesday filed for an initial public
offering that values the firm at $7.5 billion.
Fortress expects to raise $750 million through the sale of a
10% stake. The offering will be the first public listing of its
kind in the United States and is expected to serve as a
critical gauge of investor appetite for...