The Fortress Investment Group is an investment management firm that is based in New York City. It’s private equity that was founded in 1998 by Randal Nardone, Pete Briger, Rob Kaufman and Wes Edens. In 2007, Fortress Investment Group was listed in the NYSE making it be one of the first private equity firms to be featured in foreign exchange platforms. In 2009, the Fortress Investment Group had managed to offer more than 8% of its shares to the public. Based on the 2016 financial report, the organization is held as having managed assets worth more than $ 70.2. The assets are mainly in areas such as credit funds, liquid hedge funds, and private equity. In 2017, the Softbank Group Corp acquired the Fortress Investment Group making it the parent Company.
Despite the acquisition by Softbank Group Corp, the investment management maintained its independent ventures with Randal being maintained as the director. Wes Edens serves as both the CEO and Chairman of the organization. In 2014, the performance of the organization saw it being named as the Hedge Fund Manager of the year. Likewise, its principals like Wes Edens and Randal Nardone are listed in the Forbes Billionaire list. The trend indicates that the organization has in the past had impressive financial performances. The group has interest in Canadian Ski resort, Florida East Coast Industries, Florida East Coast Railway, and Penn National Gaming. The leaders have been keen on diversifying its operations with the intention of minimizing the levels of risk.
Services and Products Offered by the Fortress Group
The Fortress Investment Group offers diverse products and services. It manages different permanent investment vehicles such as the new Senior Investment Group, Fortress Transportation and Infrastructure Investment and other groups. On the other hand, it offers products such as traditional asset management, hedge funds, private equity, railroads, and credit funds. Likewise, it has different subsidiaries that are in numerous industries. They include New Media investments Group, AirCastle, Brookdale Senior Living, and NationStar Mortgage. The move to diversify its operations is influenced by the need to reduce chances of loss and equally to boost the competitive advantage of the organization as compared to other market players.
Fortress Group is a company that is on a path of growth led by the three principals who are ready to ensure that it remains committed to the success of its clients in coming tears.
Visit their Website: https://www.fortress.com/