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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.
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. But while macro managers haven’t exactly been covering themselves in glory lately, the fall of the
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