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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR