The Fortress Investment Group has made enormous contributions in investment activities. It manages investment ventures of different global corporations. Its services help minimize chances of loss and other pitfalls. It has played an essential role in the efficient management of permanent investment vehicles such as EuroCastle Investment Limited, New Media Investment Group, New Residential Investment Corp and the Fortress Transportation and Infrastructure investors. Through the services offered by the financial management team, the listed organizations have registered consistent growth and performances. The ventures have further aided in diversifying the operations. Contrary to sticking in one sector, Fortress Investment Group has ventured in credit finance, real estate, health care, and banking services.
Some of the products that are offered by the team include credit funds, traditional asset management, private equity, Railroads, and hedge funds. On the other hand, it has some subsidiaries such as NationStar Mortgage, Brookdale Senior living, AirCastle, and Railroad Acquisition among others. In 2014, the positive performance and contribution to the investment sector saw it being named the Hedge Fund Manager of the year. The consistent growth further contributed to the firm being listed in NYSE despite being private equity. In most cases, private equity ventures are not publicly traded. In 2009, the management reported that the firm had sole more than 8% of if its shares to the public. In 2017, the business was acquired by Softbank Group Corp which saw it gain a global stance. Currently, the organization has ventured into energy, real estate, and other emerging markets.
Co-Founders of the Fortress Group
The Fortress Investment Group was founded in 1998 by financial, banking and investment professionals. The founders include Rob Kauffman, Randal Nardone, Wes Edens, and Pete Briger. They oversee the smooth of the organization and its subsidiaries. Randal Nardone acts as the director while Wes Edens serves as both the Chairman and CEO. On the other hand, Pete Briger acts as both the co-chairman and president of the Fortress Investment Group. However, Rob Kaufman resigned in 2012. The leaders are innovative and committed to attaining a competitive advantage compared to other firms. Consequently, the team has been successful in creating a positive and productive organizational culture.
All the founders of the Fortress Investment Group are people who have experience and have the right clout to manage wealth on behalf of others. Looking at the way they have created their own wealth, they are surely some of the brilliant minds in the industry.
Visit their website: https://www.fortress.com/