Fortress Investment Group on Thursday reported assets under management of $30.2 billion as of March 31, down 4.1% from the previous quarter.
According to the company’s first-quarter earnings statement, its March 31 assets totaled $41.6 billion when adjusted to account for the acquisition of Logan Circle Partners; the deal closed in April.
Assets in the Drawbridge Global Macro funds were $771 million, down 45% for the quarter, while assets in the Fortress Credit Opportunities funds fell 59% to $859 million.
The earning’s release showed that almost all of Fortress’s funds had positive investment returns during the first quarter. One exception was Fortress Commodities Fund, which had a net loss of 3.5% for the quarter. The commodities fund had an estimated net gain of 2.7% as of Jan. 31, according to a prior statement, suggesting the fund’s losses occurred in February and March.