Fortress Investment Group’s (NYSE: FIG) Fortress Asia Macro Fund was named “Best New Asian Hedge Fund” at the Eurekahedge Asian Hedge Fund Awards 2012. Sponsored by Eurekahedge, the world’s largest alternative investment funds research house, the awards considered over 400 Asian hedge funds, with winners selected by an independent panel of judges based on performance in 2011 and the first quarter of 2012.
The Fortress Asia Macro Fund was launched in March 2011, and is managed by a Singapore-based team headed by chief investment officer Adam Levinson. The Fortress Asia Macro main fund recorded net returns of 9.42% inception-to-date and 5.93% year-to-date through May 31, 2012.
“We are honored to be recognized by Eurekahedge, and we are thankful for the confidence of our investors and their advisors,” said Levinson. “We look forward to building on our record to date, and believe the Asia region will continue to present ample opportunity to leverage our macro capabilities and experience on our investors’ behalf.”
“The Asia region has been a major focus of Fortress’s Liquid Markets business since it was established in 2002,” said Stu Bohart, president of Fortress Liquid Markets. “With a regionally-focused and globally-integrated macro trading platform in Singapore, we’ve been able to apply our depth of experience very effectively for our investors. We remain very enthusiastic about the opportunities we see in the Asia region for our Liquid Markets business and Fortress more broadly.”About Fortress Fortress Investment Group LLC (NYSE: FIG) is a leading, highly diversified global investment management firm. Fortress applies its deep experience and specialized expertise across a range of investment strategies - private equity, credit, liquid hedge funds and traditional fixed income - on behalf of over 1,400 institutional clients and private investors worldwide. For more information regarding Fortress Investment Group LLC or to be added to its e-mail distribution list, please visit www.fortress.com.