Thursday, 28 July 2016
Last updated 3 min ago
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.