Hello, Hedge Funds

Big money and big questions push hedge funds--those below-the-radar investments for the rich--to do the unthinkable: show their faces

When Fortress InvestmentĀ Group filed to become a publicly traded company earlier this month, it was the Wall Street equivalent of the CIA signing up for Facebook. Being open to the scrutiny of the public is antithetical to pretty much everything that a hedge-fund operator does. But the world of hedge funds isn't what it used to be. Once they were known for being secretive and small--for taking money from millionaires, making winning trades in exotic investments like swaps and warrants and collecting massive fees in near anonymity. The setup was disrupted only by an occasional, spectacular blowup. Over the past four...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!