Press Release

Fortress’s Drawbridge Special Opportunities Fund Named “Best Distressed Hedge Fund” by Hedge Funds Review

Company Release - 7/13/2012 11:42 AM EDT

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group’s (NYSE: FIG) Drawbridge Special Opportunities Fund was recognized as “Best Distressed Hedge Fund” at the Hedge Funds Review First Annual Americas Awards. The awards recognize “hedge funds that have generated best in class returns for investors,” with winners selected by an independent panel of judges based on both quantitative and qualitative analyses.

Fortress’s Drawbridge Special Opportunities Funds, launched in 2002, invest globally in diversified portfolios of undervalued and distressed investments. The firm’s Credit team of over 350 professionals manages over $12 billion on behalf of institutional investors and private clients worldwide.

About Fortress

Fortress Investment Group LLC (NYSE: FIG) is a leading, highly diversified global investment management firm. Fortress applies its deep experience and specialized expertise across a range of investment strategies - private equity, credit, liquid hedge funds and traditional fixed income - on behalf of over 1,400 institutional clients and private investors worldwide. For more information regarding Fortress Investment Group LLC or to be added to its e-mail distribution list, please visit www.fortress.com.

Fortress Investment Group LLC
Gordon E. Runté, 212-798-6082

Source: Fortress Investment Group LLC