This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Fortress Reports Third Quarter 2012 Results And Announces Dividend Of $0.05 Per Share

Stocks in this article: FIG

Logan Circle:

  • All 15 Logan Circle investment strategies outperformed their respective benchmarks in the third quarter of 2012, and 14 of 15 strategies outperformed respective benchmarks in the first nine months of 2012
  • Total traditional fixed income AUM rose to $20.6 billion as of quarter end, an increase of 60% from the third quarter of 2011
  • Net client flows were $2.0 billion in the third quarter of 2012, bringing year-to-date net client flows to $5.9 billion through September 30, 2012

(See supplemental data on page 21 for more detail on Logan Circle results)

Our traditional asset management business, Logan Circle, generated a pre-tax DE loss of $2 million in the third quarter of 2012, flat compared to the second quarter of 2012. Compared to the third quarter of 2011, pre-tax DE loss improved by $2 million primarily due to an increase in management fees driven by a $7.7 billion increase in assets under management.

Logan Circle’s strategies continued to deliver strong investment performance, with all of Logan Circle’s 15 strategies outperforming their respective benchmarks in the third quarter of 2012 and 14 of 15 strategies outperforming respective benchmarks in the nine months ended September 30, 2012. Notably, 14 of 15 Logan Circle strategies have also outperformed their respective benchmarks since inception and seven are ranked in the top quartile of performance for their competitor universe.

Logan Circle had $20.6 billion in AUM at the end of the quarter, an increase of 14% compared to the previous quarter and a 60% increase compared to the third quarter of 2011. The $2.5 billion quarterly increase in AUM was primarily driven by net client inflows of $2.0 billion. Logan Circle’s AUM has grown over 75% since Fortress completed the acquisition and launched the traditional asset management business in April 2010.

10 of 15

Select the service that is right for you!

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.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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