Fortress executives reap major bonuses

• Co-Chairmen Peter Briger and Wes Edens received $22.6M and $12.7M, respectively - the bulk in cash and the rest in restricted stock - while CEO Randal Nardone took in a $8.5M bonus. It's the largest bonuses for Edens and Nardone since the 2007 IPO.
• Fortress Investment (NYSE:FIG) made plenty of news in 2015 for the closing of its macro hedge fund after poor performance and a spate of investor withdrawals. The fund's manager and company CIO Mike Novogratz also set his exit.
• The company also made news for launching a sizable buyback of stock - not a typical strategy at private-equity firms whose managers are paid to make big returns investing capital, not returning it.
• Fortress had $70.5B in AUM at year-end, down from $74.3B at the end of Q3.
• As for the scoreboard: The stock fell 35% last year, and is off another 10% in 2016.