Fortress Asia Reports Increase in March

April 10, 2011 James Heinsman Hedge Fund News

Daniel Mudd’s Fortress Investment Group LLC recently announced that its Asian macro hedge fund increased 3.5% in March despite the earthquake and tsunami in Japan, and the uprisings in the Middle East.

The firm explained that it launched the Fortress Asia Macro Fund on March 1st; just at the start of the month that led to severe losses in many funds across the globe.

Fortress has hopes to expand the size of the hedge fund to $500 million, following its launch supported by the firm’s own money as well as that of a small number of new clients. Co-chief investment officer of global macro funds Adam Levinson shifted to Singapore from New York earlier this year, in order to head the Asian fund’s activities.

Adam Levinson, Asian Hedge Funds, Daniel Mudd, Fortress Investment Group LLC, Hedge Funds Asia,

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