Businessman Randal A. Nardone has been serving as the interim Chief Executive Officer of the Fortress Investment GroupLLC. Mr. Randal A. Nardone is also one of the founders of the corporation and its Principal and Director.The Fortress Investment Group LLC is based in the city of New York. The company was established in the investment industry by Nardone and four other entrepreneurs twenty years ago in 1998. Since the start of the company, Mr. Randal A. Nardone has been a part of its management committee, and in November 2006 he started working on the Board of Directors. At the end of 2011, the CEO Daniel H. Mudd took a leave of absence, and Mr. Randal A. Nardone stepped in for him, while Mudd was involved in a case. Mr. Randal A. Nardone achieved his higher education in English and Biology graduating with a bachelors degree from the Universty of Connecticut. After that, Mr. Randal A.
Nardone moved to the Boston University where he studied for his Juris Doctor degree at their School of Law.#After he had completed his higher education, Mr. Randal A. Nardone started his career in business. His first prominent position was at the law firm of Thacher Proffitt & Wood where he served as Partner and was also a member of the law firm’s Executive Committee. After that, Mr. Randal A. Nardone served at the Black Rock as Principal. For a year from 1997 to 1998, Mr. Randal A. Nardone was working at the UBS as their Managing Director. The establishment of the Fortress Investment Group LL was a big step in his career. The corporation grew steadily under the leadership of the five founders. It amassed the support of a number of high-profile investors from across the globe. The company does investment management such as traditional asset management, private equity, and liquid markets, credit funds hedge funds, and railroads, to name a few. At the helm of the Fortress Investment Group LLC are Mr. Randal A.
Nardone as the interim Chief Executive Officer, co-founder Wesley R. Edens as the Principal and Co-Chairman of the Board, and Peter L. Briger as the Principal and co-chairman of the board as well. The Fortrss Investment Group LLC has more than 3 000 employees and several subsidiaries, Those include the partial subsidiary Aircasle, and the real estate investment trusts New Senior Investment Group, Newcastle Investment Corp, New Residential Investment Corp, the New Media Investment Group, and the bid pending Weinstein Company. At the end of December 2017, the Fortress Investment Group LLC was purchased by the conglomerate SoftBank Group Corp. The Japanese conglomerate has been working on buying the company since February last year and completed the purchase for $3.3 billion. Even though the company has a new owner, the Fortress Investment Group LLC will continue to work independently. The current leaders will continue to maintain their positions but will be working in accordance with their new contracts over the next five years before a new decision is made about the future of the company and its leadership team.