SNB move claims victims at Fortress

29 January 2015, 15:04
Andrius Kulvinskas
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It’s never a good sign when your Chief Risk Officer leaves.

Hedge fund giant Fortress has lost its CRO Sherif Sweillam and portfolio manager Tye Schlegelmilch. Both resigned this month after the SNB move, Reuters reports. A sub-fund partly managed by Schlegelmilch lost 7.64% after the SNB move.

The firm has $66 billion under management.