This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

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