Friday, 29 August 2014
Last updated 10 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...