Fortress Investment Group LLC's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Fortress Investment Group LLC (FIG)

Q1 2012 Earnings Call

May 03, 2012 8:30 am ET


Gordon Runté -

Randal Alan Nardone - Co-Founder, Principal, Director, and Interim Chief Executive Officer

Daniel N. Bass - Chief Financial Officer

Peter Lionel Briger - Co-Chairman, President, Director, Member of Management/Organization Development Committee, and Principal

Wesley Robert Edens - Co-Founder, Co-Chairman, Principal, and Member of Management Committee


Craig Siegenthaler - Crédit Suisse AG, Research Division

Marc S. Irizarry - Goldman Sachs Group Inc., Research Division

Robert Lee - Keefe, Bruyette, & Woods, Inc., Research Division

Daniel Thomas Fannon - Jefferies & Company, Inc., Research Division

Jason Stewart - Compass Point Research & Trading, LLC, Research Division

Roger A. Freeman - Barclays Capital, Research Division

Christoph M. Kotowski - Oppenheimer & Co. Inc., Research Division



Good morning. My name is Brooke, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Fortress First Quarter Earnings Conference Call. [Operator Instructions] Mr. Gordon Runté, you may begin your conference.

Gordon Runté

Thank you, Brooke. Good morning, everyone, and welcome to the Fortress Investment Group First Quarter 2012 Earnings Conference Call. We will begin our call today with opening remarks from Fortress Interim Chief Executive Officer, Randy Nardone; and Chief Financial Officer, Dan Bass. After these remarks, we'll save most of our time this morning for your questions. And joining us for that portion of our call, we have Co-Chairman and Head of Private Equity, Wes Edens; Co-Chairman and Head of Credit, Pete Briger; Principal and Co-CIO of Fortress Macro Funds, Mike Novogratz; and Co-CIO of Credit, Dean Dakolias; along with other members of our management team.

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