Fortress Investment Group Under Severe Pressure (FIG)

Shares of Fortress Investment Group (NYSE: FIG) have been under extreme selling pressure throughout the trading session. Furthermore, the stock did not gap lower and there does not appear to be any news out to account for the sell off. Rather, investors and traders have been selling this name throughout the day. The shares have now lost nearly 10% of their value and are trading at $3.96.

It has been a terrible month for Fortress (FIG) stock, as it has shed nearly a quarter of its market cap. Fortress Investment Group LLC (Fortress) is a global alternative asset manager that raises, invests and manages private equity funds and hedge funds.

Traders appearing on CNBC today said that there are rumors swirling that a large commodity hedge fund has sustained significant losses in the last few weeks. This is pure speculation on my part, but I wonder if this fund is possibly associated with Fortress?