Saturday, 28 November 2015
Last updated 17 hours ago
Feb 27 2014 | 12:49pm ET
Fortress Investment Group said today that its fourth-quarter profit rose 13% as performance fees rose.
The private-equity firm’s pre-tax distributable earnings were $121 million in the last three months of the year, compared to $107 million in the year-earlier period. Incentive income was up 53%; Fortress’ macro fund returned 4.8% on the quarter, and its Asia macro fund rose 4%.
Under generally-accepted accounting principles, Fortress earned 4146 million on the quarter, up from $102 million in the fourth quarter of 2012.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…