Summary
BOSTON (Reuters) - Fortress Investment Group LLC, one of the few publicly traded U.S. hedge fund groups, reported a narrower quarterly loss on surprisingly strong revenue Wednesday [Aug. 5], and forecast improved demand for its portfolios in coming quarters.
Fortress executives said several funds delivered respectable returns in the first half the year, and they expect demand to pick up as financial markets recover.See the full content of this document
Extract
Fortress Investment Loss Narrows, Revenues Top View
But revenue declined in the second quarter as assets under management fell.
Fortress, whose shares were up 1% near midday, reported a...See the full content of this document
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