Sunday, 21 December 2014
Last updated 13 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.