Fortress Hedge Funds Post Double-Digit Gains In 2012

Jan 8 2013 | 12:50pm ET

Add New York-based Fortress Investment Group to the list of hedge funds that bucked the industry trend in 2012 and beat the S&P 500.

The average hedge fund ended the year up only 5.63%, according to the Eurekahedge Hedge Fund Index, while the Standard & Poor's 500 Index rose 16% on the year.

But Securities and Exchange Commission filings show three Fortress hedge funds posted double-digit returns last year.

The $2.3 billion Fortress Macro Fund was up 17.8%, after adding an estimated 3.07% in December alone.

The Fortress Asia Macro Fund did even better, adding 3.65% in December to end the year up 21.22%. The fund manages about $500 million.

And the $4.9 billion Drawbridge Special Opportunities Fund gained 1.20% in December for a full-year gain of 16.47%


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...