About Fortress Fund Managers
Company Profile
Fortress Fund Managers is a Barbados-based investment manager, providing top-ranked returns, open communication, and accessible service to our clients since 1996. We exist to help our clients save and grow their money for the future. We focus on delivering two simple things: results and peace of mind.
We offer financial products and services for individuals and institutions. The company manages and administers 13 different mutual funds with regional and global investments. Fortress also manages and administers defined benefit and defined contribution pension plans for over 70 companies and their employees.
Fortress is part of the Cave Shepherd Group, a publicly traded business that began in 1906 and is now one of the most widely recognised in the Caribbean.
Company History
1996
Founded On
Fortress Fund Managers Ltd. opens its doors on December 9th, 1996 launching its first fund the Fortress Caribbean Growth Fund, investing mainly in equities in the Caribbean region.
1999
Fortress Caribbean Property Fund Limited
The new fund manager introduces its second fund, Fortress Caribbean Property Fund Limited. It was structured as a closed-end fund, investing mainly in real estate; and was listed on both the Barbados and Trinidad & Tobago Stock Exchanges.
2002
Fortress Caribbean High Interest Fund
Fortress offers its first fixed income mutual fund with the launch of the Fortress Caribbean High Interest Fund in May 2002.
2003
Fortress Caribbean Pension Fund Limited
The company creates the Fortress Caribbean Pension Fund Limited in September 2003, to offer defined contribution pension plans as a more effective way of managing plan assets. The Fund offers plan members the choice of three distinct classes of shares, each with specific investment and risk objectives.
2006
Fortress Global Value Fund
Giving investors direct access to U.S. dollar investments, the company introduces the Fortress Global Value Fund in November 2006 as a U.S. dollar fund domiciled in the British Virgin Islands.
2007
Fortress Registered Retirement Savings Plan
Fortress adds to investors’ pension saving options with the introduction of the Fortress Registered Retirement Savings Plan (RRSP) in December 2007. Through this personal retirement plan, investors can invest in Fortress’ Growth, High Interest or Pension Fund.
2009
Specialised Management of U.S. & International Portfolios
In 2009, Fortress begins offering specialised management of U.S. and international portfolios for institutions and high net worth individuals.
2013
Fortress Global Funds
To make it more convenient for investors to benefit from the range of global strategies available, the company develops the Fortress Global Funds in early 2013.
2013
Fortress OAM Overseas Fund
The company replaces the Fortress Global Value Fund with the Fortress OAM Overseas Fund in July 2013. It offers investors access to specialised management of European and Asian equities via funds managed by Overseas Asset Management.
2013
Fortress Caribbean Property Fund SCC
With the approval of shareholders, the fund manager converts the Fortress Caribbean Property Fund to a segregated cell company – Fortress Caribbean Property Fund SCC with two cellular funds (Value Fund and Development Fund) in September 2013. Each trade separately on the Barbados and Trinidad & Tobago Stock Exchanges.
2013
Innova Lifestage Income Plan
Fortress becomes the first in Barbados to offer an income drawdown option with the launch of the Innova Lifestage Income Plan. The plan allows continued investment of pension savings and is an alternative to fixed rate annuities for post-retirement income.
2017
Fortress Fixed Income Fund
The fund manager introduces the Fortress Fixed Income Fund in August 2017, making it the seventh sub-fund of the Fortress Global Funds.
2018
Eppley Fund Managers Limited
Fortress Fund Managers Limited and Altman Real Estate sell their unlisted shares in Fortress Caribbean Property Fund Limited SCC. Fortress remains an investor in the property fund, which is then renamed and managed by the purchaser, Eppley Fund Managers.
2019
Fortress Multi-Employer Pension Plan (MEP)
The company launches the Fortress Multi-Employer Pension Plan (MEP) in November 2019. The MEP allows multiple employers to collectively contribute to a pension fund that is independently administered. Employers get to tailor a pension plan to their specific needs without the hassle of managing it.
2021
Fortress World Growth Fund & Fortress World Fixed Income Fund
Fortress introduces a new pair of US dollar mutual funds, the Fortress World Growth Fund and the Fortress World Fixed Income Fund providing equity and fixed income investment solutions respectively.
