Fortress Investment Group LLC (NYSE:FIG) did more than well in second quarter ending on June 30. The alternative asset manager posted a 196% increase in profits compared to the year ago quarter, beating all analyst estimates. The asset manager reported pre-tax EPS of $0.3 or $148 million which is a huge increase to the $50 million or $0.09/share earnings it reported in Q2 2012. Fortress Investment Group LLC (NYSE:FIG)’s revenue for the quarter was up 12.1% on a y-o-y basis.
![Fortress](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20412%20308'%3E%3C/svg%3E)
Fortress maintains dividend at $0.06
The...
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
Don’t have an account?
Subscribe now and get 7 days free!