Fortress Macro Fund Named Discretionary Macro-Focused Hedge Fund of the Year by Institutional Investor

  Fortress Macro Fund Named Discretionary Macro-Focused Hedge Fund of the Year
  by Institutional Investor

Business Wire

NEW YORK -- July 2, 2013

Fortress Investment Group LLC (NYSE: FIG) today announced that the Fortress
Macro Fund was recognized by Institutional Investor as “Macro-Focused Hedge
Fund of the Year, Discretionary,” at the magazine’s 11^th Annual Hedge Fund
Industry Awards. The award’s criteria included 2012 investment returns, risk
management, investment discipline and selection, portfolio management,
performance track record, stability of investment team, investor relations and
back-office infrastructure.

With more than $3.0 billion under management, the Fortress Macro Fund is the
core macro strategy of Fortress’s Liquid Markets business, which managed
approximately $5.5 billion for institutional investors and private clients
worldwide as of March 31, 2013. The Fortress Macro Fund recorded net returns
of 17.8 percent in 2012 and 13.8 percent through May 31, 2013.

In addition, Fortress managing director David Swift, Global Head of Client
Service –Liquid Markets, was named one of Institutional Investor’s “Rising
Stars of Hedge Funds.” Institutional Investor “Rising Stars” represent
“up-and-comers whose accomplishments in, and contributions to, the industry
make them standout among their peers and position them as future industry
leaders.”

“We thank Institutional Investor for this recognition, and we are grateful for
the confidence that our investors and their advisors have placed in our team
and our strategy,” said Michael Novogratz, Fortress Principal, Director and
Co-CIO of Macro Funds. “I am proud of our team’s efforts and results, and see
market dynamics today that should present ample opportunities to build on our
record of performance to date.”

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global
investment firm with $56 billion in assets under management as of March 31,
2013. Founded in 1998, Fortress manages assets on behalf of over 1,500
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.

Contact:

Fortress Investment Group LLC
Gordon E. Runté, 212-798-6082
 
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