Fortress Investment Group is opening an office in Singapore, which will act as a key hub of the firm’s investment and business development activities in Asia.
Adam Levinson, co-chief investment officer of the firm’s flagship global macro funds, will lead Fortress’s Asia-specific macro trading activities from a new office in Singapore starting in early 2011.
Fortress currently has offices in London, Tokyo, Frankfurt, Rome and Sydney.
Levinson joined Fortress in 2002 and serves on the firm’s operating and management committees. Prior to joining Fortress, he was a fund manager at Tudor Investment and a proprietary trader for ten years at Goldman Sachs. During his tenure at Goldman Sachs, Levinson spent nine years in the company’s Hong Kong, Tokyo and London offices managing portfolios focused on G-10 and emerging market risk.
“The opening of our Singapore office underscores our long-term commitment to the Asia markets and our pursuit of disciplined strategic growth in the region,” says Daniel Mudd, chief executive officer of the Fortress Investment Group. “Fortress’s senior leadership team has extensive on-the-ground experience in Asia, which positions us well to capitalise on the compelling investment and business development opportunities we see in the region. We are confident that extending our macro platform with a Singapore office led by an executive of Adam’s stature and experience will bring significant benefits to existing and future investors.”