New year's resolution: read history

Mon Dec 15, 2008

Read more:




By Michelle Celarier

A little less than two years ago, when Fortress Investment Group sold a 10% stake to the public in the first-ever initial public offering of a hedge fund firm, only a few voices in the wilderness doubted it was a good move, not just for Fortress, but also for investors in its hedge funds, as well as those buying its shares. I'm proud to say that Absolute Return was one of the skeptics.

The IPO was initially a huge success, making billionaires of Fortress's founders - on paper at least. But within months,...

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now