Earlier this month, Fortress Investment Group LLC (NYSE:FIG) reported Q1 EPS of $ 0.01 versus the consensus estimate of $0.15, and revenue of $310 million that beat estimates by $81.72 million. Assets under management were at an all-time high of $62.5 billion as of March 31, 2014, and uncalled capital (“dry powder”) amounted to $ 6.6 billion as on that date as per the company’s press release. “We had a solid start to the year, with our highest first quarter of distributable earnings per share since 2007,” said Chief Executive Officer Randy Nardone. Liquid markets disappointed in Q1 However, the…
On This Page
- Liquid markets disappointed in Q1
- Q2 off to an inauspicious start
- Flagship funds in the red
- Fortress Macro Funds investment approach
- View from the top
- Brazil may be a ‘theme’ however
- Other Brazilian ‘doom and gloom’ indicators
- Plunging consumer confidence:
- Business confidence is even worse:
- Unit labour costs soaring higher:
- …And galloping government expenditure:
- Stubborn inflation:
- Dilma’s falling popularity:
- …And crashing Brazilian stocks:
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