Fortress’s Kauffman Retires Ahead of Capital-Gains Tax Increase
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Robert Kauffman, one of three co-founders of Fortress Investment Group LLC, retired after 15 years at the New York-based investment firm, a decision made in part to avoid higher tax rates next year.
“It was a confluence of events with Fortress, myself and the tax code,” Kauffman, 49, said in a telephone interview today. “The capital-gains tax rate now is known,” he said, making it more attractive to sell now rather than wait for rates to go up.