Michael Novogratz, principal of Fortress Investment Group, is the consummate macro hedge fund manager, searching for global opportunities across all asset classes.  Novogratz, CIO of two Fortress macro funds, sees the benign environment of the past year coming to an end, and that's good in his corner of the world.  Novogratz ponders uncertainty in the Chinese real estate market, as well as how central banks may be going in different directions.

See what you missed at this year's Delivering Alpha conference.