{"id":25810,"date":"2011-11-03T09:40:44","date_gmt":"2011-11-03T13:40:44","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=25810"},"modified":"2011-11-03T09:40:44","modified_gmt":"2011-11-03T13:40:44","slug":"fortress-profit-falls-45-as-hedge-funds-investments-decline-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2011\/fortress-profit-falls-45-as-hedge-funds-investments-decline-2.html","title":{"rendered":"Fortress Profit Falls 45% as Hedge Funds, Investments Decline"},"content":{"rendered":"<p>Businessweek &#8211; \u00a0Fortress Investment Group LLC, the buyout and hedge-fund firm run by Dan Mudd, said third-quarter profit fell 45 percent as hedge-fund performance weakened and it earned less from its investments.<\/p>\n<p>Pretax distributable earnings, which exclude some compensation costs and other items, were $43 million, or 8 cents a share, compared with $78 million, or 15 cents, a year earlier, the New York-based company said today in a statement. The results beat the 4-cent average estimate of six analysts surveyed by Bloomberg.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2011-11-03\/fortress-profit-falls-45-as-hedge-funds-investments-decline.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businessweek &#8211; \u00a0Fortress Investment Group LLC, the buyout and hedge-fund firm run by Dan Mudd, said third-quarter profit fell 45 percent as hedge-fund performance weakened and it earned less from its investments. Pretax distributable earnings, which exclude some compensation costs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25810","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=25810"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25810\/revisions"}],"predecessor-version":[{"id":25811,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25810\/revisions\/25811"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=25810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=25810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=25810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}