Bloomberg – Fortress Investment Group LLC, the buyout and hedge-fund firm run by Daniel Mudd, said its Asia- focused macro fund rose 3.5 percent in March, even as uprisings in the Middle East and Japan’s worst earthquake roiled markets.
The New York-based firm said it started the Fortress Asia Macro Fund on March 1, according to a filing with the Securities and Exchange Commission. Hedge funds gained, on average, 0.2 percent last month, according to Eurekahedge Pte, based on 25 percent of funds that have reported to the Singapore-based industry data provider as of today.
