Fortress to Tudor Lose in First Quarter as Macro Misfires

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hudson-river-park-new-york-600x400April 7, 2014- In Bloomberg, about  HRPT’s Mike Novogratz, “Paul Tudor Jones, Michael Novogratz and Louis Bacon, hedge-fund managers that profited last year from bets on macroeconomic trends, posted losses in the first quarter as some of those trades turned against them. Novogratz’s Fortress Macro fund lost 5.5 percent in the quarter, according to investors in the fund. New York-based Fortress Investment Group LLC (FIG) oversees about $4 billion in macro strategies.”

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