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...

ISSN: 2151-1845 / CDC10004H

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