Fortress to grow the fund to $500m, Bloomberg reported citing three people with knowledge of the plan.
According to the Bloomberg report, The Fortress Asia Macro Fund has started trading with the firm’s own money and that of a few clients.
In April, when investors make their allocations, the fund is set to attract more money.
To lead its Asia-specific macro trading activities, Fortress has moved its co-chief investment officer of flagship global macro funds, Adam Levinson, to Singapore.
The New York-based private equity firm opened an office in Singapore last October.
