Leading Investment Management Company Fortress Investment Group

Fortress Investment Group, in New York City is a renown investment management company. It was founded as a private equity company in 1998 by Randal Nardone, Wesley R. Edens, and Rob Kauffman. When Fortress started on an NYSE on February 9th, 2007, it was the first significant private equity company in the US to be exchanged publicly. By June 30th, 2016, the company managed roughly $70.2 billion different properties in credit funds, liquid hedge finances, and private equity. Fortress Investment Group is the leading, highly expanded worldwide investment manager with roughly $40.9 billion of properties under control as of March 31, 2018. Established in 1998, it manages properties on behalf of more than 1,750 institutional customers as well as private investors nationwide across the range of real and credit estate, permanent capital and private equity investment strategies.

Investment performance is Fortress Investment Group’s cornerstone. It strives to create strong risk modified returns for their investors throughout the long term. By March 31, 2018, Fortress had 932 property management staffs, including 205 acquisition professionals at its headquarters in New York As well as its affiliate offices across the globe.Fortress Investment Group businesses through its private credit funds and equity funds specialize in property-based investing. They also focus on investing profoundly and broadly in a diverse set of property kinds. Fortress’s expertise expands to financing, owning, pricing, as well as overseeing the running of financial and physical assets varying from real estate and capital properties to commercial properties secured by expanded long-term money flows.

Fortress Investment Group has a well-grounded comprehension of the firms in which it ventures. In the process of implementing investments and functioning portfolio firms, it has developed a group of investment experts with remarkable sector-particular skill and relations with leading firms, individuals, and institutions worldwide.Fortress has polished the set of equipment for assessing strategic, structural, and operational challenges. This equipment allows it to take part in and extract benefit from complex investments. Its encounter in corporate acquisitions and mergers enable them to operate with corporate panels of directors, administration, and several stakeholders to ascertain optimal structuring as well as the execution of an acquisition.

Randal Nardone; A resume for a leader

Randal Nardone has been a vital figure and an instrumental member in the establishment and growth of Fortress Investment group. With his leadership, it has grown to one of the largest investment managers in the world, with a worth of over 70 billion dollars in assets currently under their management. He established it alongside Rob Kauffman and Wes Edens in 1998.Randal Nardone’s career kicked off by putting his law degree from the Boston School of Law to use. He worked at Thacher Proffitt & Wood law firm. Here he scathed the heights of partner alongside serving in the executive committee. Randal Nardone moved on to Blackrock Investment Management and here he served as a principal. He later moved to the Union Bank of Switzerland, in which he held the esteemed position of Managing Director until 1998.

Randal also has a Bachelor of Arts Degree in English and Biology from the University of Connecticut. Upon the foundation of Fortress, he was in the management team and became an interim CEO in 2011. Randal Nardone’s competence led the board in having him assume the seat in 2013. Moreover, he is a principal and is also a member of the board of directors in November 2006.One of the most notable events under Randal Nardone’s Leadership was the sale of all its outstanding shares to Japanese owned Soft Bank Group. This transaction came with a price of 3.3 billion dollars.This meant that the share price for all of Fortress’ class A shares, would be selling at 8.08 dollars from 5.83 dollars. Moreover, all the executives would share 13.9 billion dollars according to one’s investment.

Randal Nardone commented that this would not only be a good chance for growth of the company, but also it would open up sources for further credit, which is another chance for the growth of the company. The leadership of Fortress Investment group was left intact as Soft Bank group attributed it and its business model for the successes of the organization. The employees too have positivity about working there for the conducive and learning environment that helps them grow career-wise in even experience. Other organizations have enlisted Randal’s leadership perspective. He serves in: Brookdale Senior Living as the Chairman; New Residential Investment in the executive management; he is the director at both Springleaf Holdings and Gagfah. As the corporation grew, so made Randal’s fortunes and he is ranked number 557 on the Forbes Billionaires list with a net worth of 1.8 million dollars.

The Leadership Strategy of Peter Briger

Peter Briger serves at Fortress Investment Group as the company’s Principal. Besides playing various executive roles, Mr. Briger is responsible for co-chairing the company’s board meetings. His popularity and recognition at Fortress Investment Group commenced immediately he joined the company. Mr. Briger began work at Fortress in 2002 serving as a member of Fortress’ Management Committee. After four years, Peter’s responsibilities shifted to becoming a member of the firm’s board of directors. Mr. Briger’s excellence in the performance of his tasks provided him with an opportunity of transitioning into the organization’s Co-Chairman in 2009. Currently, Peter Briger manages Fortress’ business activities for the Credit and Real Estate Segment. Before joining Fortress Investment Group, Peter Briger worked for fifteen years at Goldman, Sachs $ Co. Later, Peter played significant roles at a San Francisco-based non-profit organization famous as Tipping Point.

Other board memberships of Mr. Briger include participating in Caliber School Board Meetings. Peter’s previous exposure guarantees him of his chances of propelling Fortress Investment Group into greater heights. Peter’s character and career reputation are enhanced by his experience, which boosted his financial skills. Besides enhancing his skills, Peter made numerous leadership and professional accomplishments including collaborating with Goldman & Co. Peter attained these achievements while at the agency through his involvement with different committees including the Japan Executive Committee and the Global Compliance Board among others. Peter Briger’s investment in the nurturing of his talents and financial skills gives him the best opportunity to work at Fortress Investment Group’s Executive.

Besides his successful profession, Peter Briger has an exciting philanthropic history. Throughout his lifetime, Mr. Briger has contributed to different charitable courses. Some of the most recognized philanthropic actions of Peter include participating in leadership forums that raise money directed to kids. Such unique conferences include the Silicon Valley Council, which manages funds going to children all over the world. The other remarkable philanthropic course pioneered by Mr. Briger is the Foreign Matters Council. As a member, Peter’s focus is geared towards improving people’s ability to understand foreign protocols and matters. Additionally, Mr. Briger is concerned with ensuring that the less privileged in the society acquire quality and meaningful services. The actions of Mr. Briger have placed him among the Top 400 business experts in the Forbes Magazine in the United States. Additionally, Peter provides meaningful insights regarding Wall Street’s entry into the business. In his opinion, Fortress Investment Group had various reasons for being fascinated by the technology of Bitcoin.

How Wes Edens Has Made Wise Decisions When Investing

Wes Edens is a New York City businessman in the financial and sports industries. After graduating from Oregon State University he traveled across the United State to begin his professional career. The first company he joined was Lehman Brothers. He was their managing director and one of the partners for six years. He left this job in order to fulfill these same roles at BlackRock Asset Investors where he also remained for six years.In 1998 he joined a couple of business partners to form Fortress Investment Group LLC. He is still a partner at this firm and manages its private equity business. Those in the business have said that Wes Edens likes to make contrarian bets when deciding what companies Fortress Investment Group should buy. He is also said to be a fan of using creative financing techniques and building up businesses.

A few of the companies he has invested in are Springleaf Financial Services and Nationstar. When he bought a majority stake in Springleaf Financial Services in 2010 this company was valued at $124 million. It is now valued at $3.5 billion which means his investment has a return of 35 times what was invested originally.It was in 2014 that Wes Edens decided to become a co-owner of the Milwaukee Bucks. He, along with Marc Lasry, bought this team from its prior owner for $550 million. During the process of buying this sports team of Wes Edens had promised to get a new stadium built. He was able to fulfill this promise as a new stadium, called Wisconsin Entertainment and Sports Center, broke ground on June 18, 2016.

It will cost $524 million and will be opening its doors before the 2018-2019 NBA season starts. In large part because of this arena the Milwaukee Bucks are now worth an estimated $1.075 billion.Another sport that Wes Edens has invested in eSports. In January 2017 he created a team named FlyQuest which competes in the North American League of Legends Championship Series. His team is pretty competitive although they have yet to win one of the seasons they have competed in. They did, however, come in 4th place during the 2017 Spring season, coming in just behind Team SoloMid, Cloud9, and Phoenix1.

George Soros Outlines European Union’s Uneasiness To Provide Ukraine With Financial Assistance

George Soros posits that Europe and America may not be willing to provide Ukraine with financial support because of two factors. One is the ongoing financial crisis in Greece, which has not set a good example for the EU to follow in Ukraine. The crisis in Greece was precipitated by the Euro crisis. The second factor is the Minsk agreement, which induced authorities in the EU to maintain a tight financial leash on Ukraine. The euro crisis has occasioned a shortage of resources for various budgetary purposes. EU’s budget stands at Û145 billion. This is about 1% of the member states’ GDP. With Europe stagnating in terms of growth, member states are not willing to increase their contributions to the EU budget. In the euro zone, there is shortage of funds because the zone lacks a budget of its own.

George believes that European authorities, especially the German leaders, are responsible for mishandling the Greek crisis. These leaders agreed to provide Greece with emergency loans. However, the interest rates were punitive. In addition, the authorities brought forth their own reform programs. They also micromanaged the reform agenda instead of letting Greece take ownership of the reform process. George Soros posits that even though Greece should be blamed for the financial crisis, the largest blame lies with the German leadership because they were in charge of the reform and micromanagement of the same. He continues to say that the national debt of Greece is unsustainable but authorities in Europe are not willing to write off their loans to the country.

Read more:
George Soros – Project Syndicate

George Soros – Business Leader, Philanthropist

Soros contends that Europe and IMF have disputed over writing down their loans. The European authorities have been correcting their mistakes and are now insisting on bailing in instead of bailing out bondholders. The essence of bailing in is that bondholders write down their bond values. However, the authorities repeat other mistakes. Soros contends that the biggest mistake made by the European authorities is to treat Ukraine in a similar way as Greece. Soros continues to assert that the new Ukraine is seeking to be better than Greece. Even though the country is not a member of the EU, it is actively defending the same against Russia’s political and military threat.

George argues that the future of both the European Union and Ukraine are at stake. The loss of Ukraine would make Russia more superior, thus become an alternative to the EU through the rule of force instead of the rule of law. According to Soros, if Europe resolves to provide Ukraine with the finances that it require, President Putin will have no choice but abandon his aggression. George agrees that Putin can easily say that the economic troubles in Russia have been caused by Western hostility. He continues to say that the populace of Russia will agree with Putin’s arguments. However, should Europe generously assist Ukraine with finances, the people of Russia will blame Putin for the country’s financial troubles. This way, the Russians may force him to follow the economic reforms in the new Ukraine.

Learn more George Soros:
http://www.nytimes.com/topic/person/george-soros

https://www.opensocietyfoundations.org/people/george-soros