Fortress Investment Group

PointState Capital sold all of its roughly 8.5 million shares in pharmaceutical company.
With Fortress Investment Group in San Francisco, New Yorker Saffian has adapted to a West Coast state of mind.
For Graticule Asset Management Asia’s William Freda, there’s no escaping the 24-hour trading cycle of a global macro fund.
After a tough 2015 that saw fund closures at firms such as Fortress and Avenue Capital, managers can expect performance woes to continue.
A number of funds raise money for distressed-debt opportunities. Meanwhile, Avenue founder Lasry gets an arena for his Bucks.
As a shrinking percentage of the population accounts for an ever greater percentage of the goods, it’s important to focus on not just who’s giving away money but who has the biggest impact.