Last €5.67 EUR
Change Today +0.173 / 3.15%
Volume 1.0K
XEK On Other Exchanges
Symbol
Exchange
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As of 3:09 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

fortress investment grp-cl a (XEK) Snapshot

Open
€5.61
Previous Close
€5.50
Day High
€5.67
Day Low
€5.61
52 Week High
01/21/14 - €6.64
52 Week Low
05/12/14 - €4.71
Market Cap
2.5B
Average Volume 10 Days
70.0
EPS TTM
--
Shares Outstanding
204.3M
EX-Date
05/9/14
P/E TM
--
Dividend
€0.31
Dividend Yield
3.62%
Current Stock Chart for FORTRESS INVESTMENT GRP-CL A (XEK)

fortress investment grp-cl a (XEK) Details

Fortress Investment Group LLC is a publicly owned investment manager. The firm provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities. It launches and manages hedge funds, balanced mutual funds, and private equity funds. The firm invests in the public the private equity and alternative investment markets across the globe. It invests in distressed and undervalued assets and tangible & intangible assets such as real estate, capital assets, natural resources, and intellectual property. The firm’s alternative investments include investment in currency, commodity, real estate markets, and distressed real estate loan acquisitions. It employs value strategy to make its investments. The firm employs a fundamental analysis with bottom-up approach to create its investment portfolio. Fortress Investment Group LLC was founded in 1998 and is based in New York, New York with additional offices in United States, Europe, Asia, and Australia.

2,361 Employees
Last Reported Date: 05/1/14
Founded in 1998

fortress investment grp-cl a (XEK) Top Compensated Officers

Co-Founder, Chief Executive Officer, Principa...
Total Annual Compensation: $1.6M
President, Principal, Head of Credit and Real...
Total Annual Compensation: $19.9M
Co-Chairman of the Board, Principal, Private ...
Total Annual Compensation: $2.3M
Chief Financial Officer
Total Annual Compensation: $2.1M
Principal, Co-Chief Investment Officer of Mac...
Total Annual Compensation: $12.7M
Compensation as of Fiscal Year 2013.

fortress investment grp-cl a (XEK) Key Developments

Fortress Investment Group LLC Announces Resignation of Wesley R. Edens and Randal A. Nardone as Board of Directors and Members of Different Committees

The Board of Directors of Fortress Investment Group announced that Wesley R. Edens and Randal A. Nardone resigned with immediate effect from the Board of Directors and members of different committees of the Company.

BPER Reportedly Planning To Sell Mortgage Loan Portfolio

Banca popolare dell'Emilia Romagna, Società cooperativa. (BIT:BPE) (BPER) is planning to sell assets. MF-Milano Finanza reported quoting financial sources as saying that BPER is finalizing the sale of a mortgage loan portfolio worth around €170 million to The Blackstone Group L.P. (NYSE:BX). The report added that a number of investors are interested in managing the non-performing loans. It also mentioned that Firms including Fortress Investment Group LLC (NYSE:FIG) have expressed interest in acquiring tha assets, but Blackstone is set to buy BPER's mortgage loan portfolio. Blackstone is also said to be interested in loan portfolio of Banco Popolare's (BIT:BP) Release S.p.A, the newspaper added. It added that the sale of Release's assets will need a few more months to be completed.

Fortress Investment Group Appoints Jeff Feig as Portfolio Manager and Co-Chief Investment Officer of the Fortress Macro Fund

Fortress Investment Group has appointed Jeff Feig, Citigroup's global head of developed markets foreign exchange and a senior manager at Citi, as a portfolio manager and co-chief investment officer of the Fortress Macro Fund. Feig, who will also serve as co-president of Fortress's liquid markets business, joins Fortress to broaden the investment management talent at the USD 3.8 billion Fortress Macro platform as well as to lead and further develop a diversified, multi-fund liquid markets business.

 

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XEK

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Valuation XEK Industry Range
Price/Earnings 17.7x
Price/Sales 1.5x
Price/Book 2.5x
Price/Cash Flow 15.6x
TEV/Sales 1.6x
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