Fortress Preps Commodities Hedge Fund

Nov 29 2007 | 8:09am ET

Fortress Investment Group is poised to launch a commodities hedge fund led by new hire William Callanan.

The New York-based alternative investments giant said its fourth hedge fund, dubbed the Drawbridge Commodities Fund, will target returns of between 15% and 20%. The fund will invest in energy, metals, agriculture, shipping and carbon emissions futures, as well as commodity- and industrial-related equities, Bloomberg News reports.

Callanan joined Fortress in August from Rubicon Fund Management, where he ran an equity and commodity fund. He has also worked at Duquense Capital Management and Soros Fund Management. He will lead a team of four analysts at Fortress.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note