Fortress: 2019 has been good so far
Leading fund manager, Fortress Fund Managers, says that 2019 has been a good year for investors so far, with its equity investments holding steady and bonds showing some gains at the end of its third quarter, in spite of “a noisy summer" in the investment world which pushed markets “alternately up and down”.
In its September 2019 Quarterly Report, Fortress’ Investment Director, Roger Cave, said that by the end of the third quarter returns either remained steady or showed gains in spite of Brexit, political protests, economic uncertainty and US–China trade conflicts.
And while the third quarter was “somewhat lacklustre for equities”, he said, the 2019 year-to-date returns across the range of Fortress funds were all strongly positive, “including double digit percent gains within the Fortress Global Funds which make up a large part of the Fortress Caribbean Growth Fund’s underlying investment portfolio.”
Fortress manages more than $650 million across 11 different funds with regional and global investments.