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Fortress Investment Group Llc (FIG) [hlAlert]

Rating:
Buy FIG
down 66.50 %

Fortress Investment Group Llc (FIG) rated Buy with price target $3 by Deutsche Securities

Posted on: Thursday,  Dec 4, 2008  12:25 PM ET by Deutsche Securities

Deutsche Securities rated Buy Fortress Investment Group Llc (NYSE: FIG) on 12/04/2008. Previously Deutsche Securities rated Buy Fortress Investment Group Llc (NYSE: FIG)
on 08/01/2007., when the stock price was $18.66. Since then, Fortress Investment Group Llc has lost 66.51% as of 01/15/2016's recent price of $6.25.
If you would have followed the previous Deutsche Securities's recommendation on FIG, you would have lost 66.5% of your investment in 3089 days.

Fortress Investment Group LLC (Fortress) is a global alternative asset manager that raises, invests and manages private equity funds and hedge funds. Fortress earns management fees based on the size of its funds, incentive income based on the performance of the Company's funds, and investment income from its principal investments in those funds. Its offering of alternative investment products includes private equity funds and hedge funds. The Company refers to these investment products, collectively, as the Fortress Funds. As of December 31, 2008, the Company managed alternative assets in two core businesses: private equity funds and hedge funds.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/4/2008 12:25 PM Buy
None
1.80 3.00
as of 12/24/2008
1 Week up  31.08 %
1 Month up  34.09 %
3 Months up  138.09 %
1 YTD down  -70.51 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/1/2007 9:25 AM Buy
None
18.66 27.00

(*) Stock Price at the time of the recommendation.
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