The Fall of Fortress
Illustration by Nicolas Ortega and Áron Filkey.
Page 3 of 3
As Kaplan puts it, Its pretty clear now that
public ownership is not the future of hedge funds. And
this time around, the principals cant 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.