Wed, Jan 28, 2015
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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  4. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r

  5. Indices - Barclay CTA Index gains 7.71% in 2014; largest traders return 12.31% for the year, Wilshire Liquid Alternative Index family outperforms investable hedge fund index counterparts in 2014[more]

    Barclay CTA Index gains 7.71% in 2014; largest traders return 12.31% for the year The Barclay CTA Index compiled by BarclayHedge gained 7.71% in 2014. The Barclay BTOP50 Index, which measures performance of the largest CTAs, was up 12.31% in 2014. “The BTOP50 had a strong finish, e