Fortress Investment Group’s Adam Levinson defends $300mm Bonus
|September 15th, 2009||
|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.
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