Fortress Investment Group’s Adam Levinson defends $300mm Bonus

September 15th, 2009
| More
Fortress Investment Group’s star trader and portfolio manager Adam Levinson spoke to the press for the first time since receiving a $300 million bonus stake in the publically traded hedge fund firm. When speaking with the BBC News, Mr. Levinson refused to discuss the details of his bonus, but he did mention how he had to give up a portion of “his entitlement to proceeds from his funds' profits” as part of the deal.

In the article, he also said that he believes that excessive pay played a role in risk-taking at banks and that he believes that the hedge fund industry should see increased regulation. Mr. Levinson is Chief Investment Officer of Fortress Investment Group’s Drawbridge Global Macro hedge fund. Prior to joining Fortress in 2002, he was a trader at Goldman Sachs.
See Source
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
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

More Recent Headlines

CEOs, Boards and Management: Welcome to Club Crony

Microsoft, Execs Join Yahoo in Noticeable Share Dumps

D.E. Shaw & Co Expanding into the Middle East

Ramius Capital Group Buys Drug Companies, Moves out of ETFs

Why Did Yahoo's Carol Bartz Use Shareholders' Money to Pay Taxes?

Logi Energy launches first Peak Oil Hedge Fund

Eton Park Capital Acquires $300mm Stake in Cadbury

ESL Investments’ Edward Lampert Confident in Sears Holdings

Man Group launching onshore version of AHL strategy

Five Conclusions on What Carol Bartz Had to Say About Selling Shares