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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note