Shares of Fortress Investment Group halted, news pending

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Michael Novogratz, President of Fortress Investment Group, speaks at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 6, 2015. REUTERS/Rick Wilking

Thomson Reuters

Michael Novogratz, President of Fortress Investment Group, speaks at the annual Skybridge Alternatives Conference (SALT) in Las Vegas

Fortress Investment Group is halted for news pending.

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The stock was trading up 0.18% at about $5.45 per share.

Yesterday, Bloomberg News reported that the Fortress Macro Fund, run by Michael Novogratz, would be closing.

The macro fund fell 4.67% in September and was down 17.49% year-to-date, the firm said in a recent securities filing.

Novogratz, chief investment officer of the macro fund, is also expected to leave the firm, The Wall Street Journal reported.

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