Fortress Mortgage Fund Down 30 Percent
(housingwire.com)Search
2008-07-21
"Betting on the bottom of the mortgage mess is proving to be a tough bet, even for the smart money. According to a published report Monday morning, a fund set up by the private-equity and hedge-fund giant Fortress Investment Group LLC to take advantage of turmoil in the mortgage bond market has tanked so far, to the tune of 30 percent in just three months after its formation."
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