| Fortress Investment Group LLC (Fortress) is a global investment manager. The Company had approximately $44.6 billion in asset under management (AUM) as of December 31, 2010. Fortress offers a range of alternative and traditional investment strategies for institutional and private investors around the world. Fund investors provide the capital for its funds, which it invests and manages on their behalf. It earns management fees based on the amount of capital it manages, incentive income based on the performance of its alternative investment funds, and investment income from its principal investments. Its offering of alternative investment products includes private equity funds, liquid hedge funds and credit funds. In addition, it also offers traditional investment products. As of December 31, 2010, it managed alternative assets in three core businesses: Private Equity, Liquid Hedge Fund and Credit Funds. During the year ended December 31, 2010, it acquired Logan Circle Partners, L.P. |
