Fortress Investment Group LLC (NYSE: FIG)
Overview
Who gives a fig about finance? Fortress Investment Group (trading symbol FIG) does. The global alternative investment firm manages private equity and hedge funds for institutional investors, wealthy individuals, and on its own behalf. Its private equity arm buys long-term, controlling stakes in undervalued companies; it also manages real estate investors Newcastle Investment and Eurocastle Investment. The hedge fund arm invests in liquid and hybrid hedge funds. Fortress also offers a more traditional investment line. The group earns management fees, incentive revenues based on fund performance, and investment income on its own capital investments. The firm has more than $40 billion in assets under management.
Sample OverviewKey Numbers from Hoover's UK
Key financials for Fortress Investment Group LLC (NYSE: FIG)
| Company Type | Public (NYSE: FIG) |
|---|---|
| Fiscal Year-End | December |
| 2010 Sales (mil.) | £614.2 |
| 1-Year Sales Growth | 62.7% |
| 2010 Net Income (mil.) | (£505.3) |
| 2010 Employees | 900 |
| 1-Year Employee Growth | 9.9% |
Key People from Hoover's UK
Key people and executives for Fortress Investment Group LLC (NYSE: FIG)
| Co-Chairman | Wesley R. (Wes) Edens (Subscribers see complete biographies -- view sample)
|
|---|---|
| Co-Chairman | Peter L. Briger Jr. |
| CEO and Director | Daniel H. (Dan) Mudd |
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