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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...