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Fortress Says Emerging Markets Bear Slump to Rival 1997
Fortress Investment Group LLC told investors that the emerging markets are at a beginning of a bear market that could rival the Asian financial crisis of 1997. The sell-off in emerging markets, which began in June, has led to a credit contraction that will last until at least March 2017, according to a letter to investors in Fortress Convex Asia Fund Ltd., signed by Singapore-based Chief Investment Officer David Dredge, and... Full investment news article
Robin Systems Pulls In $15M
Robin Systems today announced it closed a new funding round of $15 million, bringing to $22 million the total investment in the company. Full investment news article