Fortress Setting Up Singapore Office

May 5 2010 | 12:13pm ET

Almost a year after shuttering its Hong Kong operation, Fortress Investment Group is returning to the region, joining the huge number of alternative investment firms setting up shop in Asia.

Fortress closed its Hong Kong office in June, but has now resurfaced with new digs in Singapore, Reuters reports. The firm has registered with the city-state’s Accounting and Corporate Regulatory Authority and has been in contact with lawyers and headhunters both in Singapore and Hong Kong.

According to Reuters, the US$40 billion firm plans to take its Asia growth slowly, with the Singapore base used exclusively for investments at first.

The Singapore activity is not the first sign that Fortress, which never totally abandoned the region, keeping several traders in Tokyo, wanted to return to Asia. Last year, it tried to lure Galleon Group’s Singapore stock team, which eventually chose to join CastleBay Capital.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of