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

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...