{"id":27643,"date":"2012-02-28T08:57:45","date_gmt":"2012-02-28T13:57:45","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27643"},"modified":"2012-02-28T08:57:45","modified_gmt":"2012-02-28T13:57:45","slug":"fortress-profit-falls-60-on-decline-in-hedge-fund-fees","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2012\/fortress-profit-falls-60-on-decline-in-hedge-fund-fees.html","title":{"rendered":"Fortress Profit Falls 60% on Decline in Hedge Fund Fees"},"content":{"rendered":"<p>Bloomberg &#8211; Fortress Investment Group LLC, the asset manager formerly run by Daniel Mudd, said fourth-quarter profit fell 60 percent as hedge fund fees declined.<\/p>\n<p>Pretax distributable earnings, which exclude some compensation costs and other items, were $50 million, or 9 cents a share, compared with $125 million, or 24 cents, a year earlier, the New York-based company said today in a statement. That fell short of 10 cents, the average estimate of five analysts surveyed by Bloomberg.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2012-02-28\/fortress-profit-falls-60-on-decline-in-hedge-fund-fees.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Fortress Investment Group LLC, the asset manager formerly run by Daniel Mudd, said fourth-quarter profit fell 60 percent as hedge fund fees declined. Pretax distributable earnings, which exclude some compensation costs and other items, were $50 million, or [&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-27643","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27643","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=27643"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27643\/revisions"}],"predecessor-version":[{"id":27644,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27643\/revisions\/27644"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}