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Shares of Fortress Investment Group halted, news pending

Julia La RocheOct 13, 2015, 20:39 IST

Michael Novogratz, President of Fortress Investment Group, speaks at the annual Skybridge Alternatives Conference (SALT) in Las VegasThomson Reuters

Fortress Investment Group is halted for news pending.

The stock was trading up 0.18% at about $5.45 per share.

Yesterday, Bloomberg News reported that the Fortress Macro Fund, run by Michael Novogratz, would be closing.

The macro fund fell 4.67% in September and was down 17.49% year-to-date, the firm said in a recent securities filing.

Novogratz, chief investment officer of the macro fund, is also expected to leave the firm, The Wall Street Journal reported.

We'll have more shortly.

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