Sunday, 28 December 2014
Last updated 3 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.