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Fortress Investment Group LLC Reports Operating Results (10-Q)

Nov 03, 2011 | About:
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10qk

Fortress Investment Group LLC (FIG) filed Quarterly Report for the period ended 2011-09-30.

Fortress Investment Group Cl A has a market cap of $1.64 billion; its shares were traded at around $3.35 with a P/E ratio of 8 and P/S ratio of 1.6.


This is the annual revenues and earnings per share of FIG over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of FIG.


Highlight of Business Operations:

(iv) the NAV or fair value of our managed accounts, to the extent management fees are charged.

For each of the above, the amounts exclude assets under management for which we charge either no or nominal fees, generally related to our principal investments in funds as well as investments in funds by our principals, directors and employees.

Our calculation of AUM may differ from the calculations of other asset managers and, as a result, this measure may not be comparable to similar measures presented by other asset managers. Our definition of AUM is not based on any definition of assets under management contained in our operating agreement or in any of our Fortress Fund management agreements.

‘‘principals” or “Principals” refers to Peter Briger, Wesley Edens, Robert Kauffman, Randal Nardone and Michael Novogratz, collectively, who prior to the completion of our initial public offering and related transactions directly owned 100% of the Fortress Operating Group units and following completion of our initial public offering and related transactions own a majority of the Fortress Operating Group units and of the Class B shares, representing a majority of the total combined voting power of all of our outstanding Class A and Class B shares. The principals’ ownership percentage is subject to change based on, among other things, equity offerings and grants by Fortress and dispositions by the principals.

Some of the statements under Part II, Item 1A, “Risk Factors,” Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” Part I, Item 3, “

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