Fortress Drawbridge Special Opportunities Named “Best Credit Fund” at HFMWeek’s 2015 US Performance Awards
October 27 2015 - 5:42PM
Business Wire
For a third consecutive year, funds managed by Fortress
Investment Group LLC (NYSE:FIG) were recognized at HFMWeek’s US
Hedge Fund Performance Awards. Fortress’s Drawbridge Special
Opportunities Funds (“DBSO”) received top honors as the industry’s
“Best Credit Fund” with over $1 billion in assets under management.
In both 2013 and 2014, DBSO won HFMWeek’s “Single Manager Long-Term
Performance Overall” award for five-year performance.
Winners were chosen by senior-level industry representatives who
evaluated a combination of quantitative and qualitative
information, including annual performance as well as volatility,
risk management and track record.
With $6 billion under management at June 30, 2015, DBSO is
focused on making highly diversified investments globally in
undervalued and distressed assets, including loans, assets and
corporate securities. The firm’s flagship Drawbridge Special
Opportunities Fund LP recorded inception-to-date and 5-year
annualized net returns of 11.1% and 14.3%, respectively, through
August 2015.
About Fortress
Fortress Investment Group LLC is a leading, highly diversified
global investment firm with $72.0 billion in assets under
management as of June 30, 2015. Founded in 1998, Fortress manages
assets on behalf of approximately 1,700 institutional clients and
private investors worldwide across a range of private equity,
credit, liquid hedge funds and traditional asset management
strategies. Fortress is publicly traded on the New York Stock
Exchange (NYSE: FIG). For additional information, please visit
www.fortress.com.
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