{"id":52399,"date":"2016-04-29T09:30:44","date_gmt":"2016-04-29T13:30:44","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52399"},"modified":"2016-04-29T09:30:44","modified_gmt":"2016-04-29T13:30:44","slug":"fortress-divests-control-of-convex-asia-amid-fund-shakeout","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2016\/fortress-divests-control-of-convex-asia-amid-fund-shakeout.html","title":{"rendered":"Fortress Divests Control Of Convex Asia Amid Fund Shakeout"},"content":{"rendered":"<p>\n(Bloomberg) Fortress Investment Group LLC is exiting its Convex Asia strategy, the latest to divest control of a business amid the hedge-fund industry\u2019s biggest shakeout since the 2009 financial crisis.<\/p>\n<p>City Financial Investment Company Ltd., based in London, has agreed to take over the Fortress Convex Asia Fund and its management team in Singapore in the second quarter, according to a Fortress letter to investors obtained by Bloomberg News that didn\u2019t disclose the terms of the deal. The move is part of a reorganization at Fortress, which includes a bigger focus on event-driven strategies, the letter said.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-04-28\/fortress-exits-convex-asia-hedge-fund-as-shakeout-intensifies\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Fortress Investment Group LLC is exiting its Convex Asia strategy, the latest to divest control of a business amid the hedge-fund industry\u2019s biggest shakeout since the 2009 financial crisis. City Financial Investment Company Ltd., based in London, has agreed [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52399","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52399"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52399\/revisions"}],"predecessor-version":[{"id":52400,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52399\/revisions\/52400"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}