Fortress Investment Group LLC (NYSE:FIG) Files An 8-K Results of Operations and Financial Condition
Item2.02.
|
Results of Operation and Financial Condition. |
On February28, 2017, Fortress Investment Group LLC (the Company)
issued a press release announcing the Companys results for its
fiscal quarter and year ended December31, 2016. A copy of the
Companys press release is attached to this Current Report on Form
8-K (the Current
Report) as Exhibit99.1 and is incorporated herein solely for
purposes of this Item2.02 disclosure.
This Current
Report, including the exhibit attached hereto, is being furnished
and shall not be deemed to be filed for purposes of Section18 of
the Securities Exchange Act of 1934, as amended (the Exchange
Act), or otherwise subject to the liabilities of that section,
nor shall it be incorporated by reference into any of the
Companys filings under the Securities Act of 1933, as amended, or
the Exchange Act, unless expressly set forth as being
incorporated by reference into such filing.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit Number |
Description |
|
| 99.1 |
Press release, dated February28, 2017 issued by Fortress Investment Group LLC |
About Fortress Investment Group LLC (NYSE:FIG)
Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $70.5 billion in assets under management (AUM). The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress’s primary sources of income from the Fortress Funds are management fees, incentive income and investment income on its investments in the funds. The Company’s private equity business manages approximately $15.8 billion of AUM; credit funds business manages over $18.1 billion of AUM; liquid hedge funds business manages over $5.4 billion of AUM, and Logan Circle business manages approximately $31.2 billion of AUM. Fortress Investment Group LLC (NYSE:FIG) Recent Trading Information
Fortress Investment Group LLC (NYSE:FIG) closed its last trading session 00.00 at 7.98 with 3,927,622 shares trading hands.