Inside The Numbers
YoY Revenues Up Over 100%
For nine months ending Sept. 30, 2006,
Fortress Investment Group
took in a little over $1 billion in revenues, up $561 million from the previous year, according to a filing with the
Securities and Exchange Commission. Management fee income rose by roughly $45 million to $106.8 million from a $1.4 billion rise in the firm's hedge fund assets. Incentive fee income increased to $94 million from $54 million.
The firm also detailed expenses including rental payments for its offices in 10 different cities. Fortress leases 128,350 square feet in New York for $6.7 million per year and 19,000 square...
This article was originally published in Alternative Investment News.