Earlier this month, Fortress Investment Group LLC (NYSE:FIG) reported Q1 EPS of $ 0.01 versus the consensus estimate of $0.15, and revenue of $310 million that beat estimates by $81.72 million.
Assets under management were at an all-time high of $62.5 billion as of March 31, 2014, and uncalled capital (“dry powder”) amounted to $ 6.6 billion as on that date as per the company’s press release.
“We had a solid start to the year, with our highest first quarter of distributable earnings per share since 2007,” said Chief Executive Officer Randy Nardone.
Liquid markets disappointed in Q1
However, the company’s macro funds business was on the back foot and Nardone had this to say on the earnings conference call:
“In liquid markets,...
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