Fortress Unit Risk Officer Said to Exit After Macro Fund’s Drop
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Fortress Investment Group LLC executive Sherif Sweillam is leaving the firm after its main macro hedge fund fell 7.6 percent in one week when movements in the Swiss franc roiled markets, a person familiar with the matter said.
Sweillam, chief risk officer of liquid markets at the New York-based private equity and hedge fund manager, has resigned, according to the person, who asked not to be identified because he wasn’t authorized to speak publicly on the matter. Money manager Tye Schlegelmilch also is leaving the firm, according to the person.