Saturday, 28 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…