Fortress Investment Group Portfolio - Stockpickr! Your Source for Stock Ideas

Fortress Investment Group

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Date updated:01-06-2009

Fortress Investment Group LLC is a leading global alternative asset manager with approximately $34.3 billion (per a recent company press release) in assets under management. Fortress is headquartered in New York and has affiliates with offices in Dallas, San Diego, Toronto, London, Rome, Frankfurt and Sydney.

From "Hedge Fund Hell: Fortress Under Siege" on TheStreet.com (Jan. 6, 2008):

"Fortress' liquid hedge-fund segment -- which includes Drawbridge Global Macro and Fortress Commodities Funds -- accounts for $9.1 billion worth of capital, and clients can ask for their money back at the end of every quarter. The most recent available figures show that clients demanded $5.6 billion of their cash back in 2008.

Fortress' other hedge-fund business -- a hybrid one that includes Drawbridge Special Opportunities Funds and Fortress Partners Funds -- accounted for $8.2 billion worth of capital. Although those funds have more strings attached to redemptions, clients still asked to withdraw $2.3 billion last year."

Read the full article.

This portfolio features the firm's top stock holdings as of the Sept. 30, 2008 filing.

Background: Fortress was founded in 1998 as an asset-based investment management firm with a fundamental philosophy premised on alignment of interests with the investors in its funds. Fortress’s managed funds primarily employ absolute return strategies. Investment performance is Fortress’s cornerstone – as an investment manager, the firm earns more if its investors earn more. In keeping with the fundamental philosophy, Fortress invests substantial capital in each of the managed investment funds.

The hedge fund business that manages approximately $10 billion of the firm assets is comprised of two business segments: (i) hybrid hedge funds – which make highly diversified investments globally in undervalued and distressed assets, including loans, assets and corporate securities; and (ii) liquid hedge funds – which invest globally in fixed income, currency, equity and commodity markets and related derivatives to capitalize on imbalances in the financial markets.

BKD
Brookdale Senior
$11.20
0.00%
$11.57

60.3% (of the portfolio)

People owning BKD also tend to own: AYR CNE DSX EGLE GHS HTE NAT

TheStreet.com Rating: D What is this?

AYR
Aircastle Ltd.
$7.23
0.00%
$6.87

13.2%

People owning AYR also tend to own: ANW ATHR ATI CECE EXPD GR NNDS

TheStreet.com Rating: D What is this?

TCW
Triplecrown Acqui
$9.49
0.00%
$9.49

1.12%

People owning TCW also tend to own: ADPT AGL BCO CEM CHV CNO CUO

TheStreet.com Rating: No Rating What is this?

NWE
Northwestern Corp
$22.20
0.00%
$22.12

0.96%

People owning NWE also tend to own: ABFS AIG AM AWH AWI CBS CNO

TheStreet.com Rating: C What is this?

OMEX
Odyssey Marine Ex
$3.91
+1.56%
$3.85

0.82%

People owning OMEX also tend to own: AMV AYR BKD GHS GTI MIR NCT

TheStreet.com Rating: D What is this?

VRY
Vry
$0.00
N/A
$N/A

No Analysis added

People owning VRY also tend to own: AMV AYR BKD GHS GTI MIR NCT

TheStreet.com Rating: No Rating What is this?

GHS
855.92
$0.0701
0.00
$0.0701

No Analysis added

People owning GHS also tend to own: AYR BKD CNE DSX EGLE HTE NAT

TheStreet.com Rating: E+ What is this?

MIR
Mirant Corp (new)
$16.69
0.00%
$16.52

No Analysis added

People owning MIR also tend to own: AEE AEP AES AYE CEG D DUK

TheStreet.com Rating: D What is this?

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