Fortress Opens Singapore Office

Oct 4 2010 | 2:38am ET

Fortress Investment Group is returning to Asia with a new office in Singapore.

Adam Levinson, the New York-based alternative investment giant's global macro co-chief investment officer, will move to the city-state next year to run the new office. Fortress plans to employ about 10 people in Singapore.

"The Asia region has long been a major focus of our liquid markets business, and we believe the region will continue to present attractive opportunities for us to leverage our global macro capabilities on our investors' behalf," Levinson said. "Having a regionally-focused, globally-integrated trading platform in Singapore, able to extract primary information from the market in real time, will significantly enhance our ability to capitalize on those opportunities."

Fortress, which also has offices in Frankfurt, Germany, London, Rome, Sydney and Tokyo, closed its Hong Kong office two years ago as it, and many other Western hedge funds, severely curtailed their activities in the Asia-Pacific region. Now, however, Asia is seen as the future of the hedge fund industry, and Fortress plans to launch an Asia-focused macro fund as soon as next year.

The firm is also mulling a fundraising effort among Asian investors and other increases in Asian investments.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of