Deals
Fortress to Shut Commodities Fund After 13% Decline
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Fortress Investment Group LLC, the first publicly traded private-equity and hedge fund manager in the U.S., said it will liquidate its $500 million commodities fund run by William Callanan after losing almost 13 percent in the past four months.
The Fortress Commodities Fund LP, which declined 4.2 percent last month, will shut on or around May 23 and money will be returned to investors, New York-based Fortress said in a May 8 regulatory filing with the U.S. Securities and Exchange Commission.