On one morning in June of 2011, investors in Fortress Investment Group’s stock woke up to a pleasant surprise Fortress Investment Group’s stock rose by 2.4% when Credit Suisse upgraded the New York Stock Exchange traded stock from neutral to outperform.
Credit Suisse adduced a number of reasons why it decided to upgraded shares of Fortress Investment Group’s stock. For one thing, troubling issues with respect to Fortress Investment Group’s principal compensation was satisfactorily resolved. For another, Fortress Investment Group plans to raise its stock’s dividend, which would provide investors with a greater than 10% yield by 2012.
Further, Fortress Investment Group has a credit of $3.6 billion to make investment with should profitable trade opportunities suddenly arise, which by all accounts should arise from an anticipated near-term market correction. Furthermore, Fortress Investment Group stands to benefit from greater regulation and a wave of refinancing brought about by bad deals made between 2005 to 2007 that stands to afford Fortress Investment Group a plethora of great investment opportunities.
Institutional Investors 2011 Hedge Fund 30 Rising Stars. The wonderful conditions that gave rise to a 2.4% rise in Fortress Investment Group’s stock price was the product of the efforts of many within the Fortress Investment Group. One such person is Gareth Henry, a managing director at the Fortress Investment Group, who raises capital in such international markets as the European markets, Middle Eastern markets, and African markets and forms great links to sovereign wealth funds, pension funds, and insurance companies. Gareth Henry studied actuarial mathematics at the University of Edinburgh in Scotland and graduated therefrom with a degree.
After graduating from the University of Edinburgh, Gareth went to work for Watson Wyatt in management research for several years. Next, Gareth went to work for the money management firm Schroders as a product manager in the multi-asset class group. Then in 2007, Gareth Henry joined the Fortress Investment Group to contribute to the rise of said company. Gareth Henry also holds a first-class honors degree from Heriot University and is a member of the Fellow of the Institute of Actuaries in the UK and the Fellow of Society of Actuaries in the USA.