Fortress Asia Chief Eyes Spin-Off

Nov 6 2013 | 2:18pm ET

Fortress Investment Group's top Asia trader is mulling a spin-off from the alternative investments giant.

Adam Levinson, chief investment officer of Fortress' US$1.8 billion Asia Macro Fund, is in talks with the New York-based firm about the split, Bloomberg News reports. The spin-off, if it occurs, might not come until early 2015, and would enjoy Fortress' support.

Fortress would seed the new operation—a first for the US$58 billion firm—and would likely own a stake. Fortress might also provide back-office and research services to Levinson's shop.

No decision has been made about a spin-off, according to Bloomberg.

Levinson's fund is up 13% this year and returned 21% last year, its second in operation. Levinson, co-chief investment officer of Fortress' global macro strategies, launched the fund after moving to Singapore in 2011.

Levinson has worked at Fortress since 2002. Prior to joining the firm, he worked at Tudor Investment Corp. and Goldman Sachs.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...