HomeMost PopularRithm Capital and Sculptor: Breaking Away from the Norm

Rithm Capital and Sculptor: Breaking Away from the Norm

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It has been nearly three months since I exchanged my preferred shares in Rithm Capital (NYSE:RITM) for its common shares. Since then, the stock has gained almost 17% in terms of total return. Rithm Capital is in the process of implementing Rithm 2.0, which involves transitioning into a more diversified company with a managed private capital business. Recently, Rithm Capital announced its proposed acquisition of alternative asset manager Sculptor Capital Management (NYSE:SCU) for $639 million. This acquisition would enable Rithm Capital to expand into asset management, with $34 billion of assets under management across various investment strategies. However, the deal currently faces uncertainty due to a rival bid for Sculptor Capital Management.

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