Saturday, 4 July 2015
Last updated 1 day ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…