JSM Financial: U.S. hedge fund Fortress Investment is planning a comeback in Asia.

May 4, 2010 - PRLog -- JSM Financial has learned that Fortress Investment Group LLC has announced plans to rebuild its Asian endeavors and is currently setting up offices in Singapore.

Recent months have seen a strong resurgence in interest in Asian markets by hedge funds as the region experiences strong economic growth as well as lighter regulatory controls in Hong Kong and Singapore as Western nations prepare for tighter controls.

Fortress, one of the world’s largest publicly traded alternative asset managers, recently registered a company in Singapore according to sources with the country’s Corporate Regulatory Authority. Lawyers and head hunters, JSM Financial believe have also indicated that their advice has been sought by the firm regarding the opening of the new office in either Singapore or Hong Kong.

"The Singapore office will be for investments. It sounded like they want to start small and slowly build up," said one person who had been contacted by the firm.

The New York-based private equity firm, managing over $40 billion joins other firms such as GLG and Soros Fund Management among the growing list of companies who have recently shown an interest in Asia.

"The main driver for all hedge funds is the opportunity set, and Asia continues to present rich, varied, and constantly developing opportunities," JSM Financial believes  a principal of one hedge fund was quoted as saying.

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