Fortress Investment Group LLC (NYSE: FIG)
Overview
Who gives a fig about finance? Fortress certainly does. The global alternative investment firm manages private equity funds and hedge funds for institutional investors, wealthy individuals, and on its own behalf. Its private equity arm focuses on acquiring long-term controlling stakes in undervalued companies; it also manages real estate investment firms Newcastle Investment and Eurocastle Investment. Its hedge fund arm includes both liquid and hybrid hedge funds. The company earns management fees, incentive revenues based on fund performance (it takes some 20% of profits), and investment income on its own capital investments. Fortress Investment Group has some $29.5 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 |
| 2008 Sales (mil.) | £505.4 |
| 1-Year Sales Growth | (40.8%) |
| 2008 Net Income (mil.) | (£222.6) |
| 2007 Employees | 699 |
| 1-Year Employee Growth | 27.1% |
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)
Connect to this executive |
|---|---|
| Co-Chairman | Peter L. Briger Jr. Connect to this executive |
| CEO and Director | Daniel H. (Dan) Mudd Connect to this executive |
Top Competitors from Hoover's UK
Top competitors of Fortress Investment Group LLC (NYSE: FIG)
There are 7 competitors for Fortress Investment Group; see more.Significant Developments
View company events at Fortress Investment Group LLC (NYSE: FIG) such as IPOs, bankruptcies, or executive changes
| Event | Details |
|---|---|
| Top Executive Change | Subscribers get full details -- view a sample |
| Top Executive Change |
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