March 2007

Fortress: Does listing presage a sinking ship?


It might be cause for concern rather than enthusiasm when a hedge fund goes for a stock market listing.


With the benefit of hindsight, it is sometimes possible to pinpoint specific events that marked a turning point in the direction of a particular market. When Netscape Communications listed on Nasdaq in 1995 it opened the eyes of the investing public at large to the potential for technology stocks and triggered the start of the dotcom craze that ended spectacularly in 2000.

The...


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