Video: Fortress Investments Michael Novogratz interviewed from the Skybridge Alternatives Conference; Emphasis on derisking
May 19th, 2010 | 4:32 PM | by L. Winthorpe III |CNBC’s David Faber interviewed Fortress Investments Group head Michael Novogratz from the Skybridge Alternatives (SALT) Conference. Given the current market environment with the problems in the European markets, and the prospects in the U.S. for financial regulatory reform, they’re in derisking mode, “taking VAR down” and “investing closer to home”.
Tags: capital controls, CDS, China, commodities, Europe, Financial Reform, Fortress, Greece, Hedge Funds, Michael Novogratz, Portugal, Spain, Speculators
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