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Inside the island fortress of America's mega-billionaires
It's America's wealthiest town. Approach at your own peril.
Guthrie Scrimgeour
Vice Media heading for bankruptcy: Reports
The brash digital media disrupter that has charmed giants like Disney and Fox into investing can fi…
ANI
Shares of Fortress Investment Group halted, news pending
Michael Novogratz, President of Fortress Investment Group, speaks at the annual Skybridge Alternat…
Julia La Roche
Fortress Investment Group Is Launching A Bitcoin Fund
"... The Fortress effort will be something like an unlisted currency ETF (similar to [SecondMarket'…
Rob Wile
REPORT: SoftBank is looking to buy Fortress for more than $3 billion - and Fortress is soaring
Fortress' stock soared 25% in after-market trading on the news.REUTERS/Kim Kyung-Hoon
Portia Crowe
A tech executive at $41 billion Fortress is leaving to start his own data-focused fund
"I will be looking to take huge amounts of data, and connecting them, and then squeeze alpha out of…
Frank Chaparro
Someone might have insider-traded the $3.3 billion SoftBank-Fortress deal
"The SEC's emergency action to freeze the proceeds of the traders' highly suspicious transactions w…
Portia Crowe,Reuters
Fortress CEO Wes Edens didn't show up to board meetings even as his private-equity firm ran a $115 million tab for managing local newspaper chain GateHouse
In one May 2019 report, ISS recommended that shareholders vote against ratifying executive officers…
Casey Sullivan,Bradley Saacks
Hedge fund rivals Fortress and Och-Ziff have locked horns in an ugly legal battle involving an iconic Manhattan property - and $1 billion is at stake
Fortress claims, in court documents, that CWCapital's actions complied with the design and covenant…
Alex Morrell
Hedge fund titan Novogratz to leave Fortress after a brutal year
Novogratz, chief investment officer of the macro fund, will leave the firm, according to The Wall S…
Julia La Roche
New Tesla challengers are scoring huge investments, but Nikola, Rivian, and Lucid may arrive too late to gain ground in the electric car market
Everyone is banking on electric sales growing, and growing fast. But the market remains tiny, and T…
Matthew DeBord
Bitcoin king Mike Novogratz leads $52 million investment in crypto-lending startup
Currently, BlockFi allows investors to take out a loan as high as $250,000 using either bitcoin or …
Frank Chaparro
A $70 billion investment manager turned the Milwaukee Bucks into a basketball powerhouse. Now he's set on improving America's dismal passenger trains
Passengers enjoy the Brightline passenger train's inaugural trip from Miami to West Palm Beach on M…
Graham Rapier
REPORT: The hyper-acquisitive Japanese telecom SoftBank is going to invest $3 billion WeWork
SoftBank earlier this month announced it was buying the asset-management firm Fortress for $3.3 bil…
Portia Crowe,Reuters
Mike Novogratz's investment firm just lost a quarter of its assets
Macro funds faced difficulties at the beginning of last year, and Fortress was no exception. Among …
Stephanie Yang
Michael Dell's $80 million investment no one knew about could be worth as much as $4 billion
Dell's investment in TV stations is part of a broader activity called spectrum speculation. The inv…
Eugene Kim
Looks like Paramount really does have a second bidder
Paramount got a last-minute bid from media exec Edgar Bronfman Jr. just before a crucial deadline t…
Lloyd Lee
Meet the 35-year-old CEO who wants to turn around bankrupt Red Lobster
Damola Adamolekun, former P.F. Chang's CEO, is set to lead Red Lobster as it emerges from bankruptc…
Lian Kit Wee
China's worsening relationship with US businesses could put AI's chip supply on shaky ground
China burning bridges with US giants and a potential invasion of Taiwan leaves the AI industry vuln…
Dan DeFrancesco
Inside America's wildest — and most lucrative — lawsuits
Mass torts hold companies accountable for their actions — but they're a product of pure anarchy.