Sunday, December 03, 2017 10:03:39 AM
To many observers the Fortress saga proves that publicly traded alternatives firms aren’t a good idea. One problem, attorney Kaplan says, is the conflicting demands of running a hedge fund and operating a public company: “When you’re running a hedge fund, you’re trying to maximize value and return for investors in the fund, but if you’re a public shareholder, your interest is fees being as big as possible. Instead of running a fund strictly for the benefit of investors, now you’ve got shareholders to be responsible to.” Fortress doesn’t seem to have done well by either.
As Kaplan puts it, “It’s pretty clear now that public ownership is not the future of hedge funds.” And this time around, the principals can’t take the money and run. They will have to reinvest 50 percent of their sale proceeds in either their own funds or those of SoftBank. With the sale of Fortress to SoftBank, the cycle appears to have come full circle.
https://www.institutionalinvestor.com/article/b1505p66vq06cy/the-fall-of-fortress
Who knows, maybe Softbank will want to buy PIOE!
Recent PX News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/24/2024 03:56:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/23/2024 04:25:23 PM
- P10 Hosts Investor Day • GlobeNewswire Inc. • 09/19/2024 11:30:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 11:03:45 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/17/2024 12:06:36 PM
- P10 Announces Agreement to Acquire Qualitas Funds, a Leading European Lower-Middle Market Alternative Investment Solutions Provider • GlobeNewswire Inc. • 09/17/2024 12:00:48 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/09/2024 12:02:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 12:00:17 PM
- P10 Reports Second Quarter 2024 Earnings Results • GlobeNewswire Inc. • 08/08/2024 08:05:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 12:33:02 PM
- P10 Expands Credit Agreement to $500 Million • GlobeNewswire Inc. • 08/05/2024 12:30:23 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/02/2024 04:15:14 AM
- P10 Names Sarita Narson Jairath as EVP and Global Head of Client Solutions • GlobeNewswire Inc. • 07/31/2024 08:15:50 PM
- P10 to Host Investor Day on September 19, 2024 • GlobeNewswire Inc. • 07/23/2024 08:15:00 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 07/19/2024 08:16:43 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 07/19/2024 08:10:55 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 07/19/2024 08:05:26 PM
- P10 Schedules Second Quarter 2024 Earnings Release for Thursday, August 8, 2024 • GlobeNewswire Inc. • 07/18/2024 12:30:33 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/12/2024 09:31:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 10:37:57 PM
- Hark Capital Closes on $645 Million in Capital Commitments for Fund IV • GlobeNewswire Inc. • 07/09/2024 12:30:00 PM
- RCP Advisors Announces Launch of New Website and Brand • GlobeNewswire Inc. • 07/01/2024 12:30:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/19/2024 12:49:58 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM