Wednesday, 30 July 2014
Last updated 15 hours ago
Jul 10 2012 | 11:57am ET
Fortress Investment Group's hedge funds remain well ahead of their peers after a strong June.
The alternative investment giant's flagship Drawbridge Macro Fund was up 3.6% last month, it said in a regulatory filing. The strategy was up 8% in the first half.
New York-based Fortress' other funds did less well, but were still up during a mixed month for hedge funds. Its Asia Macro Funds added 0.8% in June and 6.8% in the first six months of the year.
Fortress also reported strong May returns for its credit funds, which report a month later than its other funds. The firm's credit strategies were up between 0.5% to 0.7% in June and between 6.2% and 7% on the year.
Fortress also reported the returns of its new Asia-focused volatility fund, Convex Asia, for the first time: The fund, which debuted on May 1 with US$55 million in assets, returned 0.4% in its first month.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…