SINGAPORE (Reuters) - Fortress Investment Group LLC , one of the world's largest publicly traded alternative asset managers, plans to rebuild its Asian operations and is in the process of setting up an office in Singapore, sources said.
Fortress recently registered a company in Singapore, a check with Singapore's Accounting and Corporate Regulatory Authority showed, and lawyers and headhunters said the U.S. fund manager has sought advice on setting up shop in Singapore and possibly Hong Kong.
"The Singapore office will be for investments. It sounded like they want to start small and slowly build up," a person who had discussions with Fortress said. He declined to be named as the talks were confidential.
Fortress shut its Hong Kong office in June 2009 in the aftermath of the global financial crisis.
The New York-based firm, which manages over $40 billion following its acquisition of fixed-income asset manager Logan Circle Partners last month, did not immediately respond to queries from Reuters.
(Reporting by Kevin Lim; Additional reporting by Parvathy Ullatil in Hong Kong; Editing by Muralikumar Anantharaman)
