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May 05, 2015 4:56 PM ET

Capital Markets

Company Overview of Fortress Investment Group LLC

Company Overview

Fortress Investment Group LLC is a publicly owned investment manager. The firm provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities. It launches and manages hedge funds, balanced mutual funds, and private equity funds. The firm invests in the public the private equity and alternative investment markets across the globe. It invests in distressed and undervalued assets and tangible & intangible assets such as real estate, capital assets, natural resources, and intellectu...

1345 Avenue of the Americas

New York, NY 10105

United States

Founded in 1998

8,993 Employees

Phone:

212-798-6100

Key Executives for Fortress Investment Group LLC

Co-Founder, Chief Executive Officer, Principal and Director
Age: 58
Total Annual Compensation: $2.4M
Co-Chairman, President, Principal, Head of Credit & Real Estate Business and Member of Management Committee
Age: 50
Total Annual Compensation: $22.0M
Co-Founder, Co-Chairman of the Board, Principal, Private Equity Chief Investment Officer, President of Private Equity, Head of Private Equity and Member of the Management Committee
Age: 52
Total Annual Compensation: $3.6M
Chief Financial Officer
Age: 47
Total Annual Compensation: $3.0M
Vice President, General Counsel and Secretary
Age: 43
Total Annual Compensation: $3.0M
Compensation as of Fiscal Year 2014.

Fortress Investment Group LLC Key Developments

Fortress Investment Group LLC Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Declares Fourth Quarter 2014 Cash Dividend and Special Cash Dividend, Payable on March 17, 2015

Fortress Investment Group LLC's board of directors declared a fourth quarter 2014 cash dividend of $0.38 per dividend paying share, comprised of a base quarterly cash dividend of $0.08 per dividend paying share and a special cash dividend of $0.30 per dividend paying share. The dividend is payable on March 17, 2015 to Class A shareholders of record as of the close of business on March 12, 2015. The company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues were $670.58 million against $565.53 million a year ago. Income before income taxes was $139.23 million against $341.101 million a year ago. Net income attributable to Class A shareholders was $61.37 million against $145.81 million a year ago. Diluted earnings per Class A share were $0.24 against $0.49 a year ago. For the year, the company reported total revenues were $1,811.82 million against $1,264.98 million a year ago. Income before income taxes was $243.21 million against $549.39 million a year ago. Net income attributable to Class A shareholders was $99.96 million against $200.45 million a year ago. Diluted earnings per Class A share were $0.43 against $0.79 a year ago.

Fortress Investment Buys Rihga Royal Hotel Kyoto

Fortress Investment reported that it agreed to buy the Rihga Royal Hotel Kyoto, near the city's Kyoto Station. No terms were disclosed. It expects the transaction to close in first quarter, and plans extensive renovations to the 1969-built Rihga Royal Hotel Kyoto.

Fortress Investment Group LLC to Report Q4, 2014 Results on Feb 26, 2015

Fortress Investment Group LLC announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 26, 2015

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