{"id":8335,"date":"2008-08-11T00:00:00","date_gmt":"2008-08-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"trader-lands-300-million-to-stay-put-at-fortress","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/trader-lands-300-million-to-stay-put-at-fortress.html","title":{"rendered":"Trader Lands $300 Million To Stay Put At Fortress"},"content":{"rendered":"<p class=\"times\">Wall Street Journal &#8211; Eager to keep one of its key employees, publicly traded <span class=\"times rolloverQuote\">Fortress Investment Group<\/span> LLC has lavished a $300 million share grant on one of its star traders, 38-year-old Adam Levinson.<\/p>\n<p class=\"times\">Mr. Levinson, who also is the chief investment officer of one the firm&#8217;s main funds, joins the private-equity and hedge-fund giant&#8217;s five other controlling shareholders, who together hold some $3 billion of company stock. These executives haven&#8217;t sold any shares since the company went public in 2007 and own 77% of the business.<\/p>\n<p class=\"times\">Fortress has struggled mightily in its 18 months as a public company, losing two-thirds of its peak value amid brutal markets for financial firms.<\/p>\n<p class=\"times\">Mr. Levinson&#8217;s windfall &#8212; which was alluded to in a May filing with the Securities and Exchange Commission &#8212; highlights the quandary of publicly traded private-investment outfits. On the one hand, they must compensate elite traders and dealmakers richly enough so they don&#8217;t leave for a competitor or start their own firms. The heads of large private hedge funds such as Citadel Investment Group and Paulson &amp; Co. can &#8212; and have &#8212; earned billions of dollars in a single year.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/public\/article\/0,,SB121842438993429049-PTlSp2TMiuDZAw7o1kIcGpKt8BE_20090811.html?mod=rss_Whos_News\" target=\"_self\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street Journal &#8211; Eager to keep one of its key employees, publicly traded Fortress Investment Group LLC has lavished a $300 million share grant on one of its star traders, 38-year-old Adam Levinson. Mr. Levinson, who also is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[140,438,428,2054,2055,720,2057,551,20,2056,435],"class_list":["post-8335","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alan-greenspan","tag-credit-strategies","tag-current-value","tag-failure","tag-fortress-investment-group","tag-fund-managers","tag-lucrative-business","tag-mayhem","tag-new-marketplace","tag-railroad-company","tag-settlement-system"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8335"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8335\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}