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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...