Mon, Sep 22, 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

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali