Up-And-Down February For Fortress

Mar 7 2012 | 2:08pm ET

Despite posting gains in most of its hedge funds, including its largest, Fortress Investment Group will not remember February fondly.

The New York-based alternative investments giant saw its Asia Macro Fund add 1.5% and its flagship macro fund 0.8% last month, it said in a regulatory filing yesterday. Those funds are now up 3.76% and 4.71% on the year, respectively.

But its commodities fund's losses dwarfed those at 5.01% in February. That fund is now down 5.43% in 2012.

The two funds that did manage to post gains last month badly trailed the Standard & Poor's 500 Index, which added 4.1% in February.

Fortress' credit hedge funds report a month later than its liquid offerings, and returned between 1.18% and 1.34% in January.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note