In 2008, the Financial Accounting Standard Board (FASB) implemented a new level of transparency with FAS 161, an amendment to the FAS 133 Accounting for Derivative Instruments and Hedging Activities requirements. DerivActiv now provides this service.
With its recent expansion into Luxembourg to better serve the European Market, Fortress International Fund has entered into a strategic alliance with Carlisle Management Company, which is to become the investment advisor to all of Fortress' investment and restructuring activities.
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