Wednesday, 17 September 2014
Last updated 2 hours ago
Oct 21 2011 | 9:34am ET
Fortress Investment Group, the U.S. based hedge fund manager with $44 billion AUM, plans to launch a second Asia fund next year.
Adam Levinson, CIO of the Fortress Asia Macro Funds, confirmed the company’s plans to reporters in Singapore on Friday, reports Reuters.
"We're starting a vol-based convexity fund sometime next year," he said, without elaborating.
Such funds are intended to protect investors from market volatility and tail risks.
The Fortress Asia Macro Fund was down 2.5% in September and 1.23% YTD.
Reuters says Levinson, a former Tudor Investment Corp fund manager and Goldman Sachs prop. trader, told an earlier conference at a Singapore university that Europe’s debt situation is influencing Asia’s economy. He characterized the European situation as fluid, saying it could end in either a somewhat positive outcome or a complete mess.
"In either case you are destined for a significant recession in Europe next year," he said, adding that would cement the case for low interest rates around the world.
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…
There are two things currency analysts agree on: Currencies have never gone through such a period of low volatility and the dollar must lead the sector out of the current malaise.