Saturday, 30 August 2014
Last updated 1 day ago
Mar 10 2011 | 12:59pm ET
Fortress Investment Group has launched its Asia-focused macro hedge fund, helmed by its global macro co-chief investment officer.
The new fund debuted on scheduled this month, Bloomberg News reports, seeded by the firm and a handful of investors. But Fortress has big plans for the Asia Macro Fund, the first based out of its new Singapore office.
Fortress hopes to raise as much as $500 million for the fund, which is run by Adam Levinson. Levinson recently relocated from New York to the city-state to set up the new office, which already accounts for a big chunk of the firm's macro trading.
"Asia is at the top of our list of priorities and high on every investor's list," Fortress CEO Daniel Mudd told Bloomberg. "The Asia region has long been a key focus of our liquid markets business. We are already trading about 40% of our Fortress Macro Fund out of Singapore, and have begun to ramp up additional Asia-specific strategies."
Fortress, which manages about $45 billion, expects to begin seeing major inflows into the new Levinson-led fund next month as investors make new allocations.
The new fund, which has been in the works since at least October, when Levinson's move to Singapore was announced, seeks to profit from fundamental trends linked thematically to Asia.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...