Fortress first quarter earnings drop 52%

Fri May 18, 2007



Fortress Investment Group, the first alternative investment management company to go public in the United States, suffered a year-over-year decline in net income of 52% in the first quarter.

The loss came despite a 90% year-over-year increase in pretax earnings, buoyed by a total increase in assets under management to $36 billion, up 72% from...

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now