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    Friday, November 06, 2009

    Fortress Investment Loss Lessens

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    By Greg Morcroft
    MarketWatch Pulse
       

      NEW YORK -- Fortress Investment Group said on Friday that its third-quarter loss shrank to $190.3 million, or 43 cents a share from a loss of $267.5 million, or 66 cents a share. The company had revenue of $143.7 million in the quarter, versus $185.1 million a year ago. The company said for the third quarter, fund management distributable earnings was $51 million compared to $63 million in the third quarter of 2008.

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