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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Fortress CIO In Discussion to Start Hedge Fund

Nov 05, 2013
Jing Chen

The chief investment officer at Fortress Investment Group’s Asia macro funds is in talks with the New York-based firm to start his own hedge fund.

Bloomberg Businessweek reported that Fortress would probably own a portion of Adam Levinson’s new firm which may launch in 2015, however no decision has been made. Levinson, the CEO of Fortress’ Singapore unit, is currently responsible for managing the firm’s $1.8 billion Asia-focused macro fund that he started in 2011.

If Levinson succeeds in launching the hedge fund with funding from Fortress, it would mark the hedge fund’s first time seeding a spin-off, according to the article. Levinson was previously a fund manager at Paul Tudor Jones’ Tudor Investment Corp. and a proprietary trader at Goldman Sachs Group Inc.

Fortress manages about $58 billion in assets.  

 

 

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