Fortress Investment Group’s Two Decades Marked by Success

Fortress Investment Group has become acknowledged in the global market after years of hard work. The institution came in the market because of the effort put by Wes Edens, Randal Nardone, and Rob Kauffman. The three leaders formed a strong team that remained focused in its mission, and the rest has been history. Rob Kauffman left this company in the year 2002, leaving the management activities of the firm on the hands of the other executives. Peter Briger joined this organization in top decision making, and the firm has forged ahead despite the changes that have been hitting the market. All the founders of the organization are fortunate to have very deep financial expertise. All of them have served in different capacities in global companies gaining experience to handle the tough challenges that present themselves. The first goal of Fortress Investment Group when it came into the global market was to offer a modern alternative asset strategy that would meet customer demands. The fund grew very fast after its introduction, something everyone did not expect. The first five years proved to be quite challenging for the founders of the firm, but they did not lose hope. All of them chose to remain committed to their goal. Fortress Investment Group has assets that are valued at over thirty-two billion at the moment.

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Success comes to the people who work hard for it. Fortress Investment Group leaders have made their company successful through the hard way. Most of them sacrificed time and their own resources to ensure that their company was operating well, meeting the government regulations and customer demands. Randal Nardone was asked to take on the role of chief executive officer in the year 2013, and surprisingly, things started to improve for the better. The trained lawyer signed numerous contracts for the firm, but one of the best happened last year. The company was successfully sold to SoftBank Group. The top executives of the two institutions put in their efforts to make their dreams achievable. The financial details of the transactions were announced, and the firms said that they were happy to come together. The primary goal of the acquisition is to make the provision of investment services better.

Read: https://www.wsj.com/articles/wesley-edens-is-an-investor-with-an-affinity-for-the-underdog-1532111122

 

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