{"id":50016,"date":"2015-09-22T08:38:55","date_gmt":"2015-09-22T12:38:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=50016"},"modified":"2015-09-22T08:38:55","modified_gmt":"2015-09-22T12:38:55","slug":"struggling-fortress-liquidating-part-of-hedge-fund-business","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2015\/struggling-fortress-liquidating-part-of-hedge-fund-business.html","title":{"rendered":"Struggling Fortress Liquidating Part Of Hedge Fund Business"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 It has been a tough year for Fortress Investment Group and according to the Wall Street Journal, the struggling firm is liquidating part of its hedge fund business. <\/p>\n<p>According to the report, Fortress is selling off investments made in other hedge funds through its Partners funds. Once a very successful aspect of Fortress\u2019 business, the unit managed approximately $1.7 billion in 2010. The Journal article puts the current AUM as $400 million and that was according to people familiar with the matter.<\/p>\n<p>The shrinking Partners unit isn\u2019t the only area where Fortress is suffering either. The firm\u2019s own flagship fund is down 15% year to date, the president of the hedge fund unit left and the co-manager of macro funds left earlier in the summer.<br \/>\nFortress is one of a handful of publicly traded hedge fund management firms and the stock is paying the price for the company\u2019s struggles. The stock is down over 25% on the year.<\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 It has been a tough year for Fortress Investment Group and according to the Wall Street Journal, the struggling firm is liquidating part of its hedge fund business. According to the report, Fortress is selling off [&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],"tags":[],"class_list":["post-50016","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50016","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=50016"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50016\/revisions"}],"predecessor-version":[{"id":50017,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50016\/revisions\/50017"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}