Thu, May 23, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

New commitments of $5bn+ through Q3 helps drive Fortress’ AUM to record $51.5bn

Monday, November 05, 2012

Fortress Investment Group LLC today reported its third quarter (Q3) 2012 financial results.

Assets under management (AUM) increased to $51.5bn as of September 30, 2012, an increase of 8% from the Q2-2012 and 18% from Q3-2011; AUM does not include uncalled capital, or "dry powder," of $7.2bn.

Fortress raised $1.2bn of capital across alternatives businesses in Q3, bringing total capital raised YTD through September 30, 2012 to $5.2bn. The firm recorded $2bn of net client flows for Logan Circle during the quarter, bringing total net client flows YTD to $5.9bn.

Here is Fortress’ investment performance across its businesses:

• Net Q3 returns of 5.1% in the Drawbridge Special Opportunities Fund (13.1% YTD), a distressed hedge fund; 2.9% in the Fortress Macro Funds (11.1% YTD); and 3.6% in the Fortress Asia Macro Funds (10.7% YTD); • Private Equity fund valuations increased 9.4% during Q3, and 20.8% YTD; • Net annualized inception-to-date IRRs through quarter end for the Credit Opportunities Fund and Credit Opportunities Fund II of 26.9% and 17.8%, respectively; • All 15 Logan Circle strategies outperformed respective benchmarks during Q3.

Fortress acquired Logan Circle Partners, a fixed income asset manager, in Apr......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  2. Performance – Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers, BlueCrest credit hedge fund makes gains despite European short bias, Sensato Asia-Pacific Fund up 15% YTD, says Japanese stock valuations are no longer attractive, ETF that follows hedge fund gurus is up 52% since inception less than a year ago[more]

    Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers From Cityam.com: A boutique London-based hedge fund has smashed into the top three best performing funds in the world this year, breaking the dominance of US hedge fund managers, according to a

  3. Moore Capital founder Louis Bacon to anchor $750m senior loan fund[more]

    From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts. Bacon, the founder of Moore Capi

  4. Opalesque Exclusive: New research examines quantitative trend following as an equity risk hedge[more]

    Bailey McCann, Opalesque New York: New research from Nigol Koulajian founder and CIO, and Paul Czkwianianc, Head of Research at Quest Partners, a New York-based systematic fund, looks at how quantitative trend following could be used

  5. Webinar: Advantages and disadvantages of investing across different geographic regions Protecting your investment Strategic capital for law markets - capital flows into the claims investment marketplace