Thursday, February 26, 2015

Fortress Investment beats profit, sales forecasts



MarketWatch.com - Financial Services Industry News http://ift.tt/1E0lPW4 Fortress Investment Group LLC posted stronger-than-expected fourth-quarter results on higher management fees and incentive income. Shares edged up more than 2% in morning trading but are down about 5% over the past 12 months. Fortress is a publicly traded asset manager known mostly for distressed lending, with about $68 billion in assets as of Dec.


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