Company Profile For Fortress Investment Group LLC

Fortress Investment Group LLC (FIG.N) (New York Stock Exchange)
sector: Financials · industry: Investment Services ·
As of  4:15pm GMT
4.06USD
Price Change
-0.04
Percent Change
-0.98%
 
 
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Overview

Fortress Investment Group LLC (Fortress) is a global alternative asset manager that raises, invests and manages private equity funds and hedge funds. Fortress earns management fees based on the size of its funds, incentive income based on the performance of the Company's funds, and investment income from its principal investments in those funds. Its offering of alternative investment products includes private equity funds and hedge funds. The Company refers to these investment products, collectively, as the Fortress Funds. As of December 31, 2008, the Company managed alternative assets in two core businesses: private equity funds and hedge funds.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Fortress Investment Group LLC's revenues decreased 29% to $405.1M. Net loss decreased 6% to $170.4M. Revenues reflect a decrease in incentives income from affiliates and a decrease in management fees from affiliates. Lower loss was offset by a decrease in interest expenses, lower principals agreement compensation expense and a decrease in compensation & benefits expenses.

Company Address

Fortress Investment Group LLC
1345 Avenue of the Americas
46th Floor
New York   NY   10105
P: +1212.7986100

Total Employees

824

Find Out More About FIG.N

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