Fortress Investment Group has started an Asia-focused macro hedge fund that aims to grow to $500 million, Bloomberg reports. The Fortress Asia Macro Fund has begun trading with the firm’s own money and that of a few clients.
The portfolio aims to attract more money starting in April 2011, when investors make their allocations. The hedge fund firm, run by Daniel Mudd, has not made the publically disclosed the information about the fund yet.
Click here for the story from Bloomberg.