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