NYSE, FIG - Fortress Investment Group
Fortress Investment Group LLC (NYSE listed under the symbol ??FIG??) is a
leading global alternative asset manager with approximately $33.2 billion in fee
paying assets under management as of December 31, 2007. We raise, invest and
manage private equity funds and hedge funds. We earn management fees based on
the size of our funds, incentive income based on the performance of our funds,
and investment income from our principal investments in those funds.
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
our funds. Our managed funds primarily employ absolute return strategies; we
strive to have positive returns regardless of the performance of the markets.
Investment performance is our cornerstone ? as an investment manager, we earn
more if our investors earn more. In keeping with our fundamental philosophy, we
invest capital in each of our businesses. ...
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