China may spur outflows of capital from emerging markets unless it arrests inflation by tightening monetary policy, Levinson said in January. China's policy stance is too loose and officials should be more aggressive in curbing inflation now to avoid more "draconian" measures later, he said in Singapore.
The Fortress Macro Fund Ltd. gained 0.12% in the first two months of the year, according to a filing with the Securities and Exchange Commission. The fund gained 10.7% in 2010, according to the firm. Macro funds, on average, gained 8.6% last year, according to Chicago-based Hedge Fund Research Inc.