Fortress Announces Closing of Fortress Macro Fund
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/11/2026
- Wall Street falls as US-Iran peace optimism fades
- S&P 500 EPS growth above 20% is rare. Why 2027 may be at risk
- Goldman Sachs warns AI investment may be crowding out other business spending
- Why Wednesday's inflation print could provide the next dovish catalyst
- Tesla needs Robotaxi flywheel proof to boost investor conviction: Morgan Stanley
- After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
- After-Hours Stock Movers: PLTR, SNAP, ON, ICHR, WGS, WHR
Fortress Investment Group (FIG) to Shutter Fortress Macro Funds; Will Return All Capital by End of 2015
October 13, 2015 11:37 AM EDTFortress Investment Group (NYSE: FIG) announced that it will close the Fortress Macro Funds and managed separate accounts (FMF or the Funds) and return all capital to investors by the end of the year. Fortress Principal Michael Novogratz, who founded the firms Liquid Markets business in 2002, is expected to retire from the firm and its Board of Directors at year end.
In conjunction with todays announcement, Fortress will redeem all of Mr. Novogratz Fortress Operating Group Units, representing beneficial ownership of approximately 56.8 million class A or equivalent shares as of September 30, 2015. The company will repurchase... More
