This Fund Is Making a Bundle
Security filing by Fortress Investment Group to sell $750 million worth of shares to public values company at $7.5 billion; offers rare peak into fast-growing hedge funds and private equity businesses; Fortress earned $88 million on revenue of $877.5 million for first half of year; fees totaled $185.5 million; filing highlights how profitable hedge funds and private equity can be; company was founded in 1998; filing indicates desire for growth and need to establish itself as permanent institution; graph (M)




