Fortress Asia Macro Fund Named “Best Asia-Based Macro Fund” and “Best Singapore Hedge Fund” at Eurekahedge Asian Hedge Fund Awards 2013
Company Release - 6/18/2013 6:41 PM EDT
NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group’s (NYSE: FIG) Fortress Asia Macro Fund was named “Best Asia-Based Macro Fund” and “Best Singapore Hedge Fund” at the Eurekahedge Asian Hedge Fund Awards 2013. Award winners were selected by an independent panel of judges based on qualitative and quantitative factors, including performance in 2012 and the first quarter of 2013. The fund was previously recognized by Eurekahedge, the world’s largest alternative investment funds research house, as “Best New Asia Hedge Fund” in 2012.
The Fortress Asia Macro Fund is managed by a Singapore-based team headed by chief investment officer Adam Levinson. Since relocating to Singapore in 2010, Levinson has led the build-out of a team of over 20 professionals—including portfolio management, trade execution and dedicated research capabilities—focused on exploiting opportunities thematically linked to the Asia-Pacific region. The Fortress Asia Macro fund recorded net returns of 21.2% in 2012 and 11.9% year-to-date through May 31, 2013.
“It is an honor to be recognized by Eurekahedge for a second consecutive year,” said Levinson. “We are thankful for the confidence our clients and their advisors continue to place in the Asia Macro team, and remain intensely focused on earning that confidence time and again. We believe that our highly differentiated macro strategy and unique implementation, combined with our physical location in Singapore, remains advantageous in capitalizing on Asia-Pacific linked themes expressed across a range of instruments, asset classes and geographies.”
Fortress Investment Group LLC is a leading, highly diversified global investment firm with over $55 billion in assets under management as of March 31, 2013. Founded in 1998, Fortress manages assets on behalf of over 1,500 institutional clients and private investors worldwide across a range of investment strategies—private equity, credit, liquid hedge funds and traditional asset management. Fortress is publicly traded on the New York Stock Exchange (NYSE: FIG). For additional information, please visit www.fortress.com.
Fortress Investment Group
Gordon E. Runté, 212-798-6082
Source: Fortress Investment Group