NEW YORK--(BUSINESS WIRE)--For a third consecutive year, funds managed by Fortress Investment Group LLC (NYSE:FIG) were recognized at HFMWeek’s US Hedge Fund Performance Awards. Fortress’s Drawbridge Special Opportunities Funds (“DBSO”) received top honors as the industry’s “Best Credit Fund” with over $1 billion in assets under management. In both 2013 and 2014, DBSO won HFMWeek’s “Single Manager Long-Term Performance Overall” award for five-year performance.
Winners were chosen by senior-level industry representatives who evaluated a combination of quantitative and qualitative information, including annual performance as well as volatility, risk management and track record.
With $6 billion under management at June 30, 2015, DBSO is focused on making highly diversified investments globally in undervalued and distressed assets, including loans, assets and corporate securities. The firm’s flagship Drawbridge Special Opportunities Fund LP recorded inception-to-date and 5-year annualized net returns of 11.1% and 14.3%, respectively, through August 2015.
Fortress Investment Group LLC is a leading, highly diversified global investment firm with $72.0 billion in assets under management as of June 30, 2015. Founded in 1998, Fortress manages assets on behalf of approximately 1,700 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE: FIG). For additional information, please visit www.fortress.com.