{"id":49418,"date":"2015-07-31T09:00:32","date_gmt":"2015-07-31T13:00:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=49418"},"modified":"2015-07-31T09:00:32","modified_gmt":"2015-07-31T13:00:32","slug":"fortress-joins-growing-list","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2015\/fortress-joins-growing-list.html","title":{"rendered":"Fortress Joins Growing List"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 This has not been a good month for alternative asset managers, at least not in terms of their own earnings performance. On Thursday, Fortress Investment Group joined a growing list of alternative investment firms that have posted disappointing earnings results. The company beat earnings estimates and revenue estimates, but shares fell as investors digested the earnings report. <\/p>\n<p>One issue was the company\u2019s liquid hedge funds posted a $6 million pre-tax loss which was attributed to poor performance in the flagship macro fund. Michael Novogratz manages the macro fund which lost 6.2% in the second quarter and was down 9.9% YTD through the end of last week.<\/p>\n<p>Earlier this week, Carlyle Group LP issued earnings that were down 38% on a year over year basis and earlier this month, Blackstone Group reported earnings for the second quarter that were down 62%.<\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 This has not been a good month for alternative asset managers, at least not in terms of their own earnings performance. On Thursday, Fortress Investment Group joined a growing list of alternative investment firms that have [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048,1],"tags":[],"class_list":["post-49418","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49418","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=49418"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49418\/revisions"}],"predecessor-version":[{"id":49421,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49418\/revisions\/49421"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}