Fortress Investment Group - Investor Profile

Primary Address:

Investor Information:

1345 Ave. of the AmericasTotal AUM ($MM):42,000
46th FloorEquity AUM ($MM):1,736
New York, NY 10105Investment Style:Multi-Strategy
United StatesOrientation:Active
Phone: 212-798-6100 Investor Type:Hedge Fund Manager
Fax: 917-591-8633

Institutional Investor Background

Fortress Investment Group (NYSE: FIG) is a global alternative investment and asset management firm founded in 1998 by BlackRock veterans Wesley Edens, Robert Kauffman and Randal Nardone, who are currently the Co-Chairman, President, and COO, respectively. The firm manages private equity funds, hedge funds, and publicly traded alternative investment vehicles. Its strategies include: control-oriented & long dated value private equity, special opportunities, global macro, relative value, global liquidity, credits, and real estate.

In February 2007, Fortress became one of the first publicly-traded US Hedge Funds. In June 2009, the firm acquired hedge fund manager D.B. Zwirn & Co's accounts. As part of the transaction, D.B. Zwirn's approximately $2 billion in assets were pooled into the Fortress Value Recovery Funds I. In August 2009, Daniel H. Mudd became the firm's new CEO with the goal of driving the firm's global growth strategy.

In April of 2010, Fortress completed its acquisition of fixed income specialist Logan Circle Partners and its approximate $12 billion in assets under management, bringing traditional strategies to Fortress Investment Group's investment management platform. Logan Circle continues to be led by Jude Driscoll, Logan Circle's founder and the former CEO of Delaware Investments.

Investor Regional and/or Country Focus: Global

Founders and Key Executives of Fortress Investment Group: Wesley Edens; Robert Kauffman*; Randal Nardone; Michael E. Novogratz; Daniel Mudd*; Jude Driscoll; William F. Callanan*

Entities related to Fortress Investment Group: Drawbridge Global Macro Funds; Fortress Partners Funds; Fortress Commodities Fund LP; Newcastle Investment Corp; Logan Circle Partners; Fortress Value Recovery Funds

Relevant Firms***: BlackRock; Galle Global Macro Partners LLC*; Logan Circle Partners; Minerva Capital Management*

*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.

Fortress Investment Group's Top 10 Equity Holdings

Company (Ticker) ($MM) Shares Change % Out
Charter Communications Inc (CHTR) 520.90 5,000 0 0.00
Brookdale Senior Living Inc. (BKD) 490.52 17,593,826 0 14.55
General Motors Co (GM) 375.29 13,490 0 0.00
American International Group Inc (AIG) 252.95 6,516,086 61,933 0.36
Walker & Dunlop Inc (WD) 209.30 11,647,255 0 33.65
SeaCube Container Leasing Ltd (BOX) 192.64 8,390,119 0 41.91
MetroPcs Communications Inc (PCS) 184.17 16,896 0 0.00
Dex One Corp (DEXO) 99.83 58,378 0 0.12
Dorchester Minerals LP (DMLP) 97.44 4,200 0 0.01
SPDR Industrial Sector (XLI) 51.75 1,240,000 1,240,000 0.14

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