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.