Fortress Investment Group is trying to raise $2 billion for
a credit fund that will invest in distressed residential
mortgage loans, distressed securities and mezzanine debt - but
unlike many operations pursuing these assets will use a private
The New York firm, which manages $14.84 billion of hedge
fund assets (as well as considerable private equity and other
alternative assets) and last year became the first hedge fund
to execute an initial public offering of shares in...