Fortress aims to raise new funds amid losses (Dealscape

Fortress Investment Group LLC on Monday reported a $140 million loss for the fourth quarter, largely due to a drop in its hedge fund assets.

At the same time, the New York hedge fund and private equity manager is poised to invest new pools of capital into distressed assets this year. Last year, the firm posted a $29 million loss for the same quarter ended Dec. 31.

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NOT A SUBSCRIBER? Fortress aims to raise new funds amid losses Posted on March 17, 2009 7:43 AM Fortress Investment Group LLC on Monday reported a $140 million loss for the fourth quarter, largely due to a drop in its hedge fund assets. At the same time, the New York hedge fund and private equity manager is poised to invest new pools of capital into distressed assets this year. Last year, the firm posted a $29 million loss for the same quarter ended Dec. 31. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 1,178 in-depth reports of PE deals in the Financial Services sector 469 articles related to Fortress Investment Group LLC 25 articles related to Drawbridge Special Opportunities Fund 12 company pages related to Fortress 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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