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racerdave42

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racerdave42

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Friday, 01/02/2009 9:45:03 AM

Friday, January 02, 2009 9:45:03 AM

Post# of 97
http://finance.yahoo.com/news/Hedge-Fund-Giant-Walks-the-indie-13951780.html

Still, some market watchers believe that hedge and private equity firms like Fortress may be well positioned to benefit from the recent market turmoil, picking up distressed assets on the cheap. Fortress didn't pay a third-quarter dividend, saying it wanted to conserve cash and deploy capital towards new investments. The firm recently announced that it also won't pay a fourth-quarter dividend and has also suspended redemptions from several of its biggest funds.

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