Fortress has certainly been in the news a lot recently. In the wake of the Vanity Fair article that held it up as a prime symbol of the times, it has released fourth quarter earnings, and the results are not pretty. The hedge fund and private equity fund lost $140 million ($1.50 a share), compared with a loss of $29 million (43 cents a share) a year earlier. According to the Financial Times, that was quite a bit more than analysts expected.

Principal investments were awful, with $265 million in private equity losses and $27 million in hedge fund losses. Like other funds, it has limited redemptions. We could see more drastic action soon. There has been talk that the fund--the first alternative investment firm to go public--will be forced to delist. 

For more:
- here's the FT article

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