Posts Tagged ‘Special Purpose Vehicles’

Money Flows: Fortress Surprises

May 11, 2010

Chidem Kurdas

First quarter net capital inflow to hedge funds was positive but small—$2 billion according to Credit Suisse Tremont Hedge Index data, out of total industry assets of around $1.5 trillion.

With that number in mind, it is impressive that Fortress Group raised over $1 billion (gross) for its various funds during the quarter. At the same time, however, the assets of the firm’ global macro funds decreased, albeit slightly from $3.4 billion to $3.3 billion. (more…)