NEW YORK — Fortress Investment Group was named “Hybrid Hedge Fund Manager of the Year” by Institutional Investor at the magazine’s 14th Annual Hedge Fund Industry Awards. The award recognizes outstanding achievement by the Drawbridge Special Opportunities Funds, Fortress’s flagship credit hedge fund strategy.
Fortress has previously been recognized by Institutional Investor as “Institutional Hedge Fund Manager of the Year” in 2014, and “Credit-Focused Hedge Fund of the Year” in both 2012 and 2011. The awards’ criteria include investment returns, risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.
Fortress’s Credit team of over 450 professionals manages nearly $19 billion on behalf of institutional investors and private clients worldwide. The firm’s Drawbridge Special Opportunities Funds, launched in 2002, invest globally in diversified portfolios of undervalued and distressed investments.
Fortress manages over $70.6 billion in assets on behalf of over 1,750 institutional clients and private investors.
The complete list of Hedge Fund Industry Award winners can be viewed here.