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...