Company Website:
http://www.fortress.com
NEW YORK -- (Business Wire)
Fortress Investment Group LLC (NYSE:FIG) was named “Institutional Hedge
Fund Manager of the Year” by Institutional Investor at the
magazine’s 12th Annual Hedge Fund Industry Awards. The award
recognizes outstanding achievement across Fortress Credit and Liquid
Markets hedge fund strategies, including the firm’s flagship Drawbridge
Special Opportunities and Fortress Macro funds. Fortress has previously
been recognized by Institutional Investor as “Discretionary
Macro-Focused Hedge Fund of the Year” for 2012, and “Credit-Focused Fund
of the Year” for both 2011 and 2010.
The award’s criteria included 2013 investment returns, risk management,
investment discipline and selection, portfolio management, performance
track record, stability of investment team, investor relations and
infrastructure.
The Drawbridge Special Opportunities Fund and Fortress Macro Fund
recorded net returns of 18.4% and 14.1%, respectively, in 2013. As of
March 31, 2014, Fortress managed nearly $14 billion across its Credit
and Liquid Markets hedge fund strategies on behalf of institutional
investors and private clients worldwide.
About Fortress
Fortress Investment Group LLC is a leading, highly diversified global
investment firm with approximately $62.5 billion in assets under
management as of March 31, 2014. Founded in 1998, Fortress manages
assets on behalf of over 1,500 institutional clients and private
investors worldwide across a range of private equity, credit, liquid
hedge funds 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.
Contacts:
Fortress Investment Group LLC
Gordon E. Runté, 212-798-6082
Source: Fortress Investment Group LLC
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