{"id":37135,"date":"2013-08-02T07:16:20","date_gmt":"2013-08-02T11:16:20","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37135"},"modified":"2013-08-02T07:16:20","modified_gmt":"2013-08-02T11:16:20","slug":"fortress-second-quarter-profit-triples-on-hedge-fund-fees","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/fortress-second-quarter-profit-triples-on-hedge-fund-fees.html","title":{"rendered":"Fortress Second-Quarter Profit Triples on Hedge-Fund Fees"},"content":{"rendered":"<p>BusinessWeek &#8211; Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled as fees for beating certain benchmarks rose.<\/p>\n<p>Pretax distributable earnings, which exclude some compensation costs and other items, increased to $148 million, or 30 cents a share, from $50 million, or 9 cents, a year earlier, New York-based Fortress said today in a statement. The average\u00a0estimate\u00a0of seven analysts surveyed by Bloomberg was an adjusted profit of 20 cents a share.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2013-08-01\/fortress-says-second-quarter-profit-tripled-on-hedge-fund-fees\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek &#8211; Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled as fees for beating certain benchmarks rose. Pretax distributable earnings, which exclude some compensation costs and other items, increased [&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-37135","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37135","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=37135"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37135\/revisions"}],"predecessor-version":[{"id":37137,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37135\/revisions\/37137"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}