« An Internet Millionaire | Main | New High for Sears »

The first publicly traded hedge fund just started trading. Will the 90s ever end?

Fortress Investment Group raised $634 million from its offering The ticker symbol is FIG, which seems to have an appropriate "fall of man" vibe to it. Naturally, the stock has already doubled this morning.

What I don't understand is how anyone can properly analyze this company. The idea of a hedge fund is that you don't know exactly what they're buying or selling. And it can all change very quickly.

Oh, listen to me and my silly worries! Who am I kidding? This stock is like a great unsinkable ocean-going vessel, plowing its way through the chilly waters of the North Atlantic. What could possibly go wrong?

Posted by edelfenbein at February 9, 2007 10:41 AM