Friday, 3 July 2015
Last updated 12 hours ago
Jul 8 2011 | 12:39pm ET
Fortress Investment Group's hedge fund had a mixed, if mostly bad, June, the firm said in a Securities and Exchange Commission filing.
The New York-based firm's flagship macro fund fell 1.84% last month, and its Commodities Fund dropped a precipitous 4.86%. But Fortress' new Asia-focused macro funds added 0.45% in June, bringing their year-to-date returns to 2.45%.
The June losses wiped out the commodities fund's year-to-date returns, leaving it down 3.67% on the year. The Macro Fund is down 3.59% through the first half.
Fortress also reported the May returns for its suite of illiquid credit hedge funds. The four funds, whose returns take longer to calculate due to the illiquidity of their holdings, returned between 1.3% and negative 0.3% on the month, leaving them up between 3.82% and 8.73%.
Fortress is one of only two U.S. hedge funds to publicly disclose its monthly performance; the other is Och-Ziff Capital Management. The publicly-listed firm began reporting returns to the SEC in January.
May 27 2015 | 2:15pm ET
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