Tuesday, 2 September 2014
Last updated 1 hour ago
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.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...