Monday, 20 October 2014
Last updated 5 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...