Fortress Investment Group, the listed private equity and hedge fund group, has suspended redemptions at its flagship Drawbridge Global Macro Fund after investors sought to withdraw more than $3.5bn in funds, according to a regulatory filing on Wednesday.
Fortress took the action, at least in part, because the fund – which had $8bn under management as recently as September – has to keep a minimum level of assets or risk having to unwind derivatives trades, a person familiar with the matter said.

COMPANIES 


