US - Alternatives manager Fortress Investment Group has expanded into the traditional bond arena with its purchase of fixed income shop Logan Circle Partners for US$21m in cash.
In a release, Fortress, which manages $32bn in alternative assets, said there is the potential for an additional payment at the end of 2011. Logan Circle was owned by Guggenheim Partners. Fortre...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
