Bloomberg – Fortress Investment Group LLC (FIG)’s main macro hedge fund lost 2.3 percent last month as its wagers on the economy faltered, according to a person familiar with the matter.
The August decline brings losses this year in Fortress Macro Fund Ltd. to 5.8 percent, said the person, who asked not to be identified because the returns aren’t yet public. Moore Capital Management LLC, the $14.9 billion firm run by Louis Moore Bacon, lost money in two funds last month, according to another person with knowledge of the returns. Tudor Investment Corp.’s main fund was up 0.3 percent last month, paring the year-to-date decline to 2.4 percent.
