Fortress Investment Group launches Asia focused hedge fund

March 16th, 2011
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Fortress Investment Group (NYSE:FIG) has launched a macro hedge fund focused on Asia, joining other industry titans like GLG Partners and Soros Fund Management. Fortress established an office in Singapore last October and has placed Adam Levinson – its co-chief investment officer of global macro hedge funds – in the new office to direct its Asia-specific macro trading activities, according to an article from Reuters.

Fortress Investment Group currently has a team of approximately 10 employees in Singapore. The firm plans to expand its Asia-based investment team, while also to growing the new hedge fund’s assets to $500 million. As of December 31st, 2010 Fortress had $44.6 billion in AUM – up 42% from $31.5 billion as of December 31st, 2009.

Fortress Investment Group is a global alternative investment and asset management firm, which became public in 2009.
For Detailed Investor Profiles on these Investors, click below:
Fortress Investment Group
GLG Partners
Soros Fund Management
Related People: ; Daniel Mudd*; Emmanuel "Manny" Roman; George Soros; Jason Mackay*; Jeff Eberwein; John White; Jude Driscoll; Keith Anderson*; Mark Jones; Michael E. Novogratz; Noam Gottesman*; Pierre Lagrange; Randal Nardone; Robert Donald; Robert Kauffman*; Robert Soros; Scott Bessent; Teun Johnston; Wesley Edens; William F. Callanan*; Zameer Arora
Related Entities: Drawbridge Global Macro Funds; Fortress Commodities Fund LP; Fortress Partners Funds; Fortress Value Recovery Funds ; GLG Alpha Select Fund; GLG Partners Inc; GLG UK Growth; GLG UK Income; GLG UK Select; Logan Circle Partners; Newcastle Investment Corp; Pharos Financial Group (seeded) ; Quantum Emerging Growth Fund; Quantum Fund; Quantum Group of Funds; Soros Capital LP; Soros European Equity Fund; Soros Quantum Endowment Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings

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