I highlighted Fortress Investment Group (FIG)
back in April 2012 when I first purchased the shares for under $4 a
share. I thought the shares were significantly undervalued and the stock
also provided an over 5 percent yield for income investors as well. It
has turned out to be one of my better calls and investments as the
shares have shot to over $7 a share since then. However, I am still
holding onto my Fortress stake as the shares are still cheap, the
company is undervalued compared to peers and FIG still has further
upside in my opinion.
Company Overview:
Fortress Investment Group is a highly diversified global investment manager with over $55 billion of assets under management (AUM). Despite the amount of AUM, the company only has a ~$1.7B market capitalization.
Company History:
The company first launched its private equity fund in 1998 (Current AUM $15.5B). It added its credit and liquid market business in 2002 (Current AUM ~$18B). Fortress launched its IPO in 2007 and then acquired Logan Circle Partners, an established, highly scalable traditional asset management business in 2010 (Current AUM ~$22B). Fortress Investment has consistently grew AUM at an impressive rate throughout its history as it has evolved into a globally diversified asset manager.
Company Overview:
Fortress Investment Group is a highly diversified global investment manager with over $55 billion of assets under management (AUM). Despite the amount of AUM, the company only has a ~$1.7B market capitalization.
Company History:
The company first launched its private equity fund in 1998 (Current AUM $15.5B). It added its credit and liquid market business in 2002 (Current AUM ~$18B). Fortress launched its IPO in 2007 and then acquired Logan Circle Partners, an established, highly scalable traditional asset management business in 2010 (Current AUM ~$22B). Fortress Investment has consistently grew AUM at an impressive rate throughout its history as it has evolved into a globally diversified asset manager.
No comments:
Post a Comment