Private Equity Firms and Hedge Funds Surge on Public-Private Plan (FIG, BX, OZM, GLG)
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A number of publicly traded hedge funds and private equity firms are higher today, as they are seen as likely beneficiaries of the Public-Private Investment Program as investment partners with the government.
Fortress Investment Group LLC (NYSE: FIG) is up 33%, The Blackstone Group (NYSE: BX) is up 29%, Och-Ziff Capital Management (NYSE: OZM) is up 12%, GLG Partners, Inc. (NYSE: GLG) is up 6%.
Based on the examples today from the Treasury, investors in the program can gain control over $84,000 (market value) worth of assets with a $6,000 investment. The only thing the investors can lose is their initial investment.
Fortress Investment Group LLC (NYSE: FIG) is up 33%, The Blackstone Group (NYSE: BX) is up 29%, Och-Ziff Capital Management (NYSE: OZM) is up 12%, GLG Partners, Inc. (NYSE: GLG) is up 6%.
Based on the examples today from the Treasury, investors in the program can gain control over $84,000 (market value) worth of assets with a $6,000 investment. The only thing the investors can lose is their initial investment.
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