After Investment Losses, Fortress Needs Rebuilding

`` Fortress had better raise new investment funds in a hurry. It will need new money to expand assets and have a shot at earning performance fees. Meanwhile, the clock is ticking on its balance sheet. May's capital raising boosted Fortress's cash resources. But the company still has about $340 million in net debt, of which $56 million is due next year and the rest through 2012. What's more, Fortress has a commitment to invest $132 million in its own funds.''