Have Fun Storming The Castle Citadel Fortress

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Continuing the theme that funds named for fixed emplacements are dangerous investments (we think the marketing types are over-compensating for their poor risk-mitigation expertise) Fortress Investment Group, LLC has frozen withdrawals from their largest fund. The $8 billion fund is looking at $3.51 billion in redemption requests. Ow.
Sure, part of it might have to do with everyone's lust for liquidity, or the 13.5% loss through the end of September. Whatever the case, the fund will be under $4 billion in assets absent some miracle.
Fortress Halts Withdrawals From Global Macro Fund [Bloomberg]

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