Fortress Funds’ Fall Not an Indicator of Problems at Other Firms

While several big-name macro managers have not posted their best years of late, the performance problems at Fortress were much worse than those at its competitors.

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Michael Novogratz, Fortress Investment Group (Bloomberg)

With the news that Fortress Investment Group has finally put its long-suffering Fortress Macro Funds out of their misery has come scrutiny of the global macro hedge fund strategy.

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