Fortress targets strategic expansion in Asia

Wed Jun 8, 2011

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Thomas Kang
Fortress Investment Group, with $43 billion in assets globally, is looking to build on its current operations for strategic growth in Asia, which already include established credit teams in Tokyo and Sydney, and, in Singapore, a macro trading team that launched an Asia-specific fund in March.

Next, Fortress is looking at the Asian equity long/short space, among other things. Over time, the idea is to create a focused range of bespoke strategies, built around specialised portfolio management teams and expertise the firm is able to bring in. Also, within Fortress’ private equity business, plans are afoot to establish an office in Shanghai, from which Fortress intends...

ISSN: 2151-1845 / CDC10004H

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