Picking a takeover target - US alternative asset manager Fortress

Picking a takeover target - US alternative asset manager fortress

Speaker: PM Capital Portfolio Manager John Whelan

Alternative asset manager Fortress has just received a takeover offer at a significant premium to its prior trading price. PM Capital Portfolio Manager John Whelan discusses why PM Capital recently began building its stake in Fortress, how its investment process identified the stock, and what the takeover may reflect  for other alternative managers.