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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note