Tuesday, 30 June 2015
Last updated 1 hour ago
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%
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…