FIG. Fortress Investment Group LLC Class A

Fortress Credit Business and Drawbridge Special Opportunities Funds Receive Top Honors at Alt Credit Intelligence 2017 U.S. Performance Awards

Fortress Investment Group LLC (NYSE:FIG) was recognized for “Outstanding Achievement by a Credit Firm” at the Alt Credit Intelligence 2017 U.S. Performance Awards. Fortress’s Drawbridge Special Opportunities Funds (“DBSO”) received top honors as the industry’s best Multi-Strategy Credit Fund.

Winners were chosen by a panel of judges including representatives from Alt Credit Intelligence, leading institutional and private investors and industry experts. The awards recognize alternative credit firms, hedge funds, and funds of hedge funds that have outperformed their peers over the past 12 months.

Fortress’s Credit team of over 500 professionals manages over $18 billion on behalf of institutional investors and private clients worldwide. The firm’s Drawbridge Special Opportunities Funds, launched in 2002 and managing over $6 billion at September 30, 2017, invest globally in diversified portfolios of undervalued and distressed investments. The firm’s flagship Drawbridge Special Opportunities Fund LP recorded inception-to-date and 5-year annualized net returns of 10.7% and 12.3%, respectively, through December 31, 2016.

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment firm with $70.1 billion in assets under management as of September 30, 2016. Founded in 1998, Fortress manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit and real estate, private equity and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE:FIG). For additional information, please visit www.fortress.com.

EN
17/02/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fortress Investment Group LLC Class A

Despite a better risk assessment and improving to Neutral, FORTRESS IN...

FORTRESS INV.GP.LLC. (US), a company active in the Asset Managers industry, improves its market behaviour and slightly increases its general evaluation. The independent financial analyst theScreener just upgraded the stock market behaviour as defensive. At a fundamental level, theScreener confirms 0 out of 4 possible stars; the general evaluation is slightly increased to Neutral but the title remains under pressure. As of the analysis date December 22, 2017, the closing price was USD 7.87 and it...

 PRESS RELEASE

Fortress Reports Third Quarter 2017 Results

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE: FIG) (“Fortress” or the “Company”) today reported its third quarter 2017 financial results. FINANCIAL SUMMARY Management Fee Paying Assets Under Management (“AUM”) of $36.1 billion as of September 30, 2017, down 2% compared to the previous quarter’s AUM, adjusted to exclude the Logan Circle business which Fortress sold in September 2017 GAAP net income of $190 million, or $0.37 per diluted Class A share, for the th...

 PRESS RELEASE

Fortress Reports Second Quarter 2017 Results

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE:FIG) (“Fortress” or the “Company”) today reported its second quarter 2017 financial results. FINANCIAL SUMMARY Management Fee Paying Assets Under Management (“AUM”) of $72.4 billion as of June 30, 2017, up 3% compared to the previous quarter GAAP net income of $32 million, or $0.06 per diluted Class A share, for the second quarter of 2017, compared to a GAAP net loss of $27 million, or a $0.07 loss per diluted Class A share,...

 PRESS RELEASE

Fortress Shareholders Approve Proposed Acquisition by SoftBank

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE:FIG) (“Fortress” or the “Company”) today announced that, at its special meeting of shareholders held earlier today, the Company’s shareholders had voted, among other things, in favor of the proposal to adopt the previously announced merger agreement pursuant to which certain subsidiaries of SoftBank Group Corp. (“SoftBank”) will acquire Fortress for approximately $3.3 billion in cash. Approximately 63.1% of Fortress’s Class A and Class B shares outstanding and entitled to...

Please Change Name Dean Ungar
  • Please Change Name Dean Ungar

Moody's assigns first-time rating of Baa3 to FinCo I LLC

Rating Action: Moody's assigns first-time rating of Baa3 to FinCo I LLC. Global Credit Research- 17 May 2017. New York, May 17, 2017-- Moody's Investors Service, has today assigned a Baa3 long-term issuer rating to FinCo I LLC, which will be a parent company of and act as the borrowing entity for Fortress Investment Group LLC after the acquisition of Fortress by SoftBank Group Corp..

ResearchPool Subscriptions

Get the most out of your insights

Get in touch