- Rithm aims to transform into major asset management firm
- Firm jump-starts asset management goals with $639 million deal
Before last Thursday, Rithm Capital Corp. was a little-known real estate investment trust with a quirky name.
But two eye-catching deals — first to buy a consumer-loan portfolio from Goldman Sachs Group Inc., then to acquire a hedge fund heavyweight — have thrust the company’s ambitions into Wall Street’s spotlight.