Fortress sees Asian macro fund pick up speed


Adam Levinson
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.

Year-to-date, the Fortress Asia Macro Fund has delivered an 8.5% return, after a 1.5% net gain in July. The fund was launched in March last year and the bets it has made so far this year across asset classes, including currency, equity, fixed income and commodities, have generally paid off.

“We have been very flexible in terms of our exposures