Hedge Fund News From HedgeCo.Net

Fortress Joins Many Other Hedge Funds Shorting The Yen

VW – Fortress Investment Group LLC (NYSE:FIG)’s Macro fund is the latest hedge fund to bet big on the weakness of Japanese yen. Though the Japanese currency has already been sliding since mid-November, Fortress Investment Group LLC (NYSE:FIG) sees further slide in the yen as newly appointed Bank of Japan governor gears up for aggressive monetary easing.

In fact, yen is the worst performing currency among the 10-developed country currencies monitored by Bloomberg.

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