Monday, 27 February 2017
Last updated 2 days ago
Jan 20 2011 | 2:26pm ET
Fortress Investment Group's hedge fund performance is now part of the public record. The alternative investments giant made the first of what it says will be the monthly disclosure of its returns, making it the second U.S. firm to do so.
Fortress, which went public in 2007, said its flagship Drawbridge macro fund returned 2.83% last month and ended last year up 10.7%. It's commodities fund also ended 2010 in the black at 1.79%, but needed a 3.56% December rally to get there.
The New York-based firm's move mirrors that of Och-Ziff Capital Management, which has been providing monthly returns for its hedge funds since it went public several months after Fortress.
Fortress said it would provide the numbers within the first few business days of each month.