Fortress Macro Loses In Japanese Equities, But Up 9 Percent in 2013

Fortress Investment Group LLC (NYSE:FIG)’s hedge fund, Fortress Macro Fund, was down 2.57 percent in July and another -1.33 percent in August, trimming YTD return to 8.75 percent, according to a letter to shareholders reviewed by ValueWalk. Fortress Asia Macro Fund was down 0.6 percent in the last month, and the fund’s overall return is now +10.9 percent. These hedge funds are managed by Adam Levinson. U.S. is on track as taper looms near In the monthly letter for July, Fortress shares its outlook on different regions of the world. In the U.S., Fortress thinks that economic recovery is improving but…