Fortress Investment’s New Asia Macro Fund Adds 3.5% In March

Apr 7 2011 | 12:01pm ET

Daniel Mudd’s Fortress Investment Group said its Asia-focused macro fund gained 3.5% during March, despite events in Japan and violence in the Middle East.

According to regulatory filings, the New York-based buyout and hedge-fund firm launched the Fortress Asia Macro Fund on March 1.

Fortress, which began the fund trading with its own money and a few clients, aims to increase the Asia-focused macro hedge fund to $500 million, reports Bloomberg.
 
The firm has opened a Singapore office and has posted its co-chief investment officer of global macro funds, Adam Levinson, there to spearhead Fortress’ macro trading activities in the region.

The Fortress Macro Fund gained 1.8% in March, according to an SEC filing.


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