Fortress sees Asian macro fund gaining momentum

Tue Aug 7, 2012

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Star hedge fund manager Adam Levinson expects the size of assets managed under the group’s Asia-focused macro fund "to grow substantially" by year-end from $235 million in the first half of the year.

The head of Fortress’s Asia-focused macro strategies, who is also co-CIO of its global macro funds, says the build-up of Fortress Investment Group’s trading platform in Asia is proceeding smoothly.

"It’s panning out as we had planned," he told AsiaHedge when asked on the progress of building the Asian platform since he relocated to Singapore from New York more than a year ago.

Year-to-date, the Fortress Asia Macro Fund has delivered an 8.5% return, after a 1.5% net gain in July.

ISSN: 2151-1845 / CDC10004H

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