Fallout at Fortress Investment Group
Breakfast with Benjamin: Top hedge fund manager Michael Novogratz (pictured) hits the bricks, and the firm is closing its flagship macro hedge fund.
- The dust is being kicked up at Fortress Investment Group, including the departure of a top hedge fund manager and the closing of a flagship fund in the wake of a really bad run. Michael Novogratz hits the bricks
- When it comes to retirement saving, the motto is always ‘better late than never.’ But if you are a later starter, or if you know somebody who is, there are some strategies beyond just ‘sock away as much as you can, then save some more.’ Be aggressive, but not too aggressive
- Salty Wall Streeters share some insights on the best advice they have received over the years. ‘It’s not who you know, it’s not what you know – it’s who knows you’
- In a nod to the 2015 winner of the Nobel Prize in economics, Angus Deaton, here’s a sample of his own words on how the rich are writing the rules. The voting patterns of U.S. Congressmen are ‘very closely aligned with the preference of their wealthy constituents’
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