Fortress Asia Macro Fund Named “Fund of the Year” in the 2013 AsiaHedge Awards
Company Release - 11/7/2013 12:03 PM EST
NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group’s (NYSE: FIG) Fortress Asia Macro Fund was named overall “Fund of the Year” in the 2013 AsiaHedge Awards. Fortress Asia Macro was singled out for the event’s highest honor from a group of over 90 nominees spanning 16 investment categories.
The AsiaHedge Awards used a strictly quantitative process to recognize Asia-Pacific hedge funds that produced the best risk-adjusted returns from September 2012 to August 2013.
The Fortress Asia Macro Fund is managed by a Singapore-based team headed by Chief Investment Officer Adam Levinson. Mr. Levinson relocated to Singapore with a core investment team that had previously been focused on Fortress’s Asia macro investments and three years ago completed the team by adding individuals with extensive regional expertise. With the ability to extract primary information from the Asia markets in real time, and a mandate focused on capitalizing on Asia-Pacific linked themes expressed across a range of instruments, asset classes and geographies, the team has delivered strong and consistent investment performance since its launch in March 2011. The Fortress Asia Macro Fund has recorded net returns of 12.3% year-to-date, and 13.6% annualized inception-to-date, through October 31.
“We are grateful for this recognition from AsiaHedge, and for the trust and confidence our limited partners and their advisors have placed in us,” said Levinson. “We are confident that our differentiated macro strategy, on-the-ground presence in Singapore and rigorous investment process will continue to serve us well as we work to build on our record of performance to date.”
Fortress Investment Group LLC is a leading, highly diversified global investment firm with approximately $58 billion in assets under management as of September, 30, 2013. Founded in 1998, Fortress manages assets on behalf of over 1,500 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. 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 LLC