Fortress Liquid HFs Report Losses In May

Fortress Investment Group has posted a loss in all its liquid hedge funds in May 2011.

Fortress Investment Group has posted a loss in all its liquid hedge funds in May 2011, The Wall Street Journal reports. The firm’s five liquid hedge funds, which includes its Asia-focused macro funds, lost about 1.15-2.46%.

The Asian funds gained about 2% for 2011 through May, while the commodities fund witnessed a rise of 1.24%. The Fortress Macro Fund has lost 1.80% in 2011 through May.

Click here for the story from The Wall Street Journal.