Monday, 30 March 2015
Last updated 2 days ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…