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
"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.