Fortress Macro Hedge Fund Slumps 17.2% Amid Manager Shakeup

Updated on
  • The fund has declined 4.3% this month through Sept. 25
  • Michael Novogratz earlier named sole manager of the pool

Fortress Investment Group LLC’s macro hedge fund, run by Michael Novogratz, has tumbled 4.3 percent so far this month, according to an investor, extending losses after a management shakeup.

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