Adam Levinson, chief investment officer of Fortress Investment Group Asia Macro funds, is reportedly in talks with the New York-based US$58 billion alternative asset management firm, to launch his own hedge fund firm.
As part of the deal, Fortress is likely to seed the new operation and own a stake in it in addition to supporting it with back-office and research services, reported Bloomberg.
The spinoff is not expected to take place until early 2015.
Levinson manages $1.8 billion in the Fortress Asia Macro Fund, which is up 13% this year and returned 21% last year.
Levinson was most recently a fund manager at Paul Tudor Jones’s hedge-fund firm Tudor Investment Corp.
Prior to this he worked as proprietary trader at Goldman Sachs Group, spending nine years in the bank’s Hong Kong, Tokyo and London offices managing portfolios focused on Group-of-10 and emerging-market risk.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData