Mudd Says Fortress Investments Is Positioned Perfectly

Fortress Investment Group's (NYSE: FIG) CEO was on Squawk on the Street and discussed why he thinks the quarter was good for FIG and why the future will continue to get better.

Fortress's CEO Daniel Mudd said it earned most of its income from their base fees and it was approaching the point where FIG received some incentive income. Mudd believes Fortress is in good shape and well positioned to take advantage of this market.

In the press release, Mudd said this will be the "golden age of investments" because the macro economic news keeps changing and that's the exact messy environment that alternative asset managers like Fortress and Blackstone (NYSE: BX) excel in. Hence, golden age for Fortress or Blackstone, but perhaps not for the average investor.

Mudd said Fortress benefits from being a public company for a couple reasons. First, it allows investors who are going to invest in Fortress to have the ability to do more diligence. Second, Fortress is better able to compensate employees and have employees interests better aligned with shareholders. However, every now and then FIG does question being public.

Fortress is spending most of its time on its existing portfolio, but is seeing plenty of distressed opportunities as well.

Lastly, Fortress is using less leverage to finance its new deals.