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Encyclopedia > Fortress Investment Group
Fortress Investment Group
Type Public
(NYSE: FIG)
Founded 1998
Headquarters New York, NY
Key people Wesley R. Edens, CEO & Chairman & cofounder
Robert Kauffman, President - Europe & Director & cofounder
Randal A. Nardone COO & director & cofounder
Industry Private Equity, Hedge Funds, Real Estate-related assets
Products Asset Management
Net income $192.7 million USD (2005)
Website www.fortressinv.com

Fortress Investment Group (NYSE: FIG) is a New York, NY-based asset management firm which manages private equity, hedge funds and real estate-related investments. The company went public on February 9, 2007.[1] A public company is a company owned by the public rather than by relatively few individuals. ... This article is about the stock exchange itself. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... New York, New York redirects here. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... COO may stand for: Chief Operating Officer (business) Cell of origin (physiology) Cell of origin (telecommunications) Conduct of Operations Consideration of Others Cost of Ownership Country of origin Counascune Octere Carboxylate anion A common pronunciation of the word cool in African American Vernacular English or ebonics A shortened version of... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... A hedge fund is a private investment fund charging a performance fee and typically open to only a limited number of investors, e. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Green_Arrow_Up_(Darker). ... The United States dollar is the official currency of the United States. ... A website (or Web site) is a collection of web pages, typically common to a particular domain name or subdomain on the World Wide Web on the Internet. ... This article is about the stock exchange itself. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... A hedge fund is a private investment fund charging a performance fee and typically open to only a limited number of investors, e. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... February 9 is the 40th day of the year in the Gregorian Calendar. ... This article or section does not cite its references or sources. ...


History

Fortress Investment Group was founded as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock Financial Management, Inc.; Robert Kauffman, a managing director of UBS; and Randal A. Nardone, also a managing director of UBS. Fortress quickly expanded into hedge funds, real estate-related investments and debt securities. This article or section does not cite its references or sources. ... UBS AG (NYSE: UBS; SWX:UBSN; TYO: 8657 ) is a financial services company, headquartered in Basel and Zürich, Switzerland. ...


Fortress Investment Group's investments grew rapidly, with its private equity funds netting 39.7% between 1999 and 2006.[2]


As of September 30, 2006, the most recent date for which figures were available before Fortress Investment Group's IPO the firm held around $17.5 billion in private equity, around $9.4 billion in hedge funds and managed two publicly-traded investment companies: September 30 is the 273rd day of the year (274th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... Wikipedia does not yet have an article with this exact name. ...

  • Newcastle Investment Corporation (NYSE: NCT),
  • Eurocastle Investment Limited (Euronext AMS: ECT

Fortress has returned several of its private equity investments to public trading, including Aircastle Ltd. and GateHouse Media. This article is about the stock exchange itself. ... Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... GateHouse Media is a U.S. newspaper publisher, headquartered in Fairport, New York and owning daily, weekly and specialty newspapers, most with circulations lower than 20,000, in several U.S. states. ...


External Links

References

  1. ^ "In a First, Hedge Fund Launches on NYSE", Associated Press via Washington Post, 2007-02-10. Retrieved on 2007-02-10. (in English)
  2. ^ "Fortress Investment's Shares Soar After Initial Sale", Bloomberg, 2007-02-09. Retrieved on 2007-02-10. (in English)

 

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