Fortress To Make Hedge Fund Returns Public

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of