Fortress's Liquid Markets hedge fund business primarily consists of Fortress Funds (Partners and Centaurus Global) and Affiliated Managers.
The Fortress Partners Funds invest with a broad mandate including investing in third party managed funds, similar to the endowment portfolios of large universities.
The Fortress Centaurus Global Funds are global equity biased event driven funds, which generally focus on soft and hard catalyst situations in liquid securities across the capital structure.
In January 2015, the Fortress Asia Macro Funds and related managed accounts transitioned into Graticule Asset Management Asia, L.P., as part of the Affiliated Managers.
(1) Includes $4.1 billion of AUM related to Affiliated Managers as of 2Q 2016.