Fortress Macro Hedge Fund Down Almost 8% YTD

Jan 21 2015 | 9:36am ET

Fortress Investment Group's macro hedge fund lost 7.64% in the week ending January 16 and is now down 7.9% on the year.

The firm did not explain the loss in a letter to investors seen by Reuters, but last week saw the Swiss National Bank remove the cap on the Swiss franc, sending the currency up as high as 41% against the euro and putting at least one New Zealand-based currency dealer out of business.

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