This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Fortress Named “Asia Firm Of The Year” In 2011 PERE Global Awards, Continues Strategic Expansion Of Asia Presence And Capabilities

Fortress Investment Group LLC (NYSE: FIG) has been named “Asia Firm of the Year” in the 2011 PERE (Private Equity Real Estate) Global Awards. The award follows Fortress’s recognition for “Asia Fund Raise of the Year” in the 2010 PERE Global Awards. The PERE Global awards are based on the voting of private equity real estate professionals worldwide, who collectively cast over 41,000 votes for the 2011 awards.

“This award reflects a year of continued achievement for Fortress in Asia, and specifically recognizes the success of our Tokyo-based Credit team, headed by Tom Pulley,” said Randal Nardone, Fortress interim chief executive officer. “More broadly, we have continued to leverage and enhance capabilities across all of our businesses to capitalize on investment opportunities in the region and to better serve a growing Asia investor base. In light of our deep and growing commitment to the Asia region, we are very pleased to receive this recognition, and we thank our investors for their confidence and support.”

In June 2010, Fortress closed the Fortress Japan Opportunity Domestic Fund at its cap of $800 million (approximately ¥74.6 billion). Through year-end 2011, the fund had invested over ¥81.1 billion in commitments and recalled capital, while generating over ¥46.1 billion of proceeds to the fund. The fund has invested primarily in real estate-related debt and other assets in Japan, seeking to capitalize on dynamics related to significant deleveraging by financial institutions, including supply demand gaps, price distortions, volatility and heightened sales of non-core real estate-related assets.

“The opportunity set remains robust,” said Thomas Pulley, co-CIO of Fortress Japan, who was a finalist for PERE’s “Asia Industry Personality of the Year.” “We have a deeply experienced local team fully integrated with Fortress’s global sourcing, underwriting and asset management capabilities. We continue to benefit from our partnership with Nomura, and expect that we’ll continue to be a very active, opportunistic investor in the region for the long term.”

Stock quotes in this article: FIG 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs