Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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 More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably