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Fortress macro hedge fund lost 7.6 pct in week to Jan. 16 - investor letter

Reuters - UK Focus

By Carolyn Cohn

LONDON, Jan 21 (Reuters) - Fortress Investment Group LLC's macro hedge fund lost 7.64 percent in the week to Jan. 16, according to a letter to investors, in a week in which the Swiss National Bank removed a cap on the Swiss franc, sending the currency higher.

The Fortress Macro Fund Ltd did not give a reason for the loss in the letter obtained by Reuters. This increases the loss for the fund to 7.9 percent for the year, the letter to investors sent on Wednesday showed.

An email to a Fortress spokesman remained unanswered.

Fortress managed $66 billion across a range of investment products at the end of September 2014. (Reporting by Nishant Kumar; Editing by Carolyn Cohn)