Fortress gives $300 million share grant to Adam Levinson

August 10th, 2008
| More
Fortress Investment Group has given a $300 million share grant to Adam Levinson, one of the company's star traders and Chief Investment Officer of the firm's $8.8 billion global macro hedge fund. Mr. Levinson also manages funds focusing on US equities. The package is meant to keep Mr. Levinson at Fortress despite a rough 18 months since the company went public when it lost two-thirds of its peak value.

The share grant will make Mr. Levinson one of the six controlling shareholders, who together hold over $3 billion of company stock. Analysts disapprove of such a large compensation stating that share grants hurt existing shareholders by increasing the number of shares outstanding by 7%.
For Detailed Investor Profiles on these Investors, click below:
Fortress Investment Group
Related People: Daniel Mudd*; Jude Driscoll; Michael E. Novogratz; Randal Nardone; Robert Kauffman*; Wesley Edens; William F. Callanan*
Related Entities: Drawbridge Global Macro Funds; Fortress Commodities Fund LP; Fortress Partners Funds; Fortress Value Recovery Funds ; Logan Circle Partners; Newcastle Investment Corp


More Recent Headlines

Gabelli Wants Break Up of Cablevision

Steel Partners wants to put Point Blank in Range

Massachusetts State Pension Fund drops Bill Miller

Nationwide Mutual Insurance buys Nationwide Financial Services

Dow Kim cancels launch of Diamond Lake

Bristol-Myers Squibb Co. makes unsolicited bid for ImClone

Hedge funds adopting “operational activism” approach

T. Boone Pickens sells off his Yahoo shares at a loss

Riley Investments wants Asyst Technology to sell itself

Riley Investments settles proxy battle with Transmeta corp