Fortress Investment Group: A Leading Financial Management Firm

The Fortress Investment Group is one of the leading financial firms in the country. The company was established in the year 1998 by a group of entrepreneurs who envisioned that global trading would become the next big thing shortly. The founders of the company, Randal Nardone, Rob Kauffman, and Wesley Edens, were all ecstatic to find out that they could earn a lot of profit if they will be launching a new management firm that would be able to handle global investments because of the uptrend present in the system at that time. The Fortress Investment Group is one of the largest investment management firms that had to be traded publicly, and it made its debut at the New York Stock Exchange in 2009. The private equity giant soon became one of the most traded companies in the history of the New York Stock Exchange, and today, the assets and investments that the company had to manage ballooned to a staggering $70 billion.

Private equity assets, such as hedge funds and credit funds, drive the company’s revenue faster than any other investment options, and it is the reason why the founders of the company have decided to stick to that form of investment option. The company’s establishment in 1998 paved way to more changes and reforms as time went by and the founders managed to find a way on how they can increase the company’s revenues through new introduced new investment options.Randal Nardone, Rob Kauffman, and Wesley Edens had been thinking how they could benefit from the rising economy of the United States. They did some research and soon found out that a management investment firm would be the most profitable business that they could establish. The founders of the company previously held positions at the Blackrock Financial Management Inc., serving as the company’s managing director. They developed the idea while they were still working for the Blackrock Financial Management Inc., and they are eager to establish their own company because they have witnessed how this type of companies end up becoming successful in the market.

The established of the Fortress Investment Group sparked curiosity, especially among the investors, and the value of the equity fund being handled by the Fortress Investment Group rose to up to 39.7%. Experts have also agreed that the management style by Randal Nardone, Rob Kauffman, and Wesley Edens would be a key feature in the company’s success. The company even made it after the global financial crisis in the late 2000s, and they stated that they were affected by the recession only a little bit. The company received multiple awards after the recession period, cementing their reputation in the field of business and finance.They have also invested in the creation of the Olympic Village that would serve as the accommodation area for the athletes joining the 2010 Vancouver Winter Olympics. Their original partner who has borrowed money from the company failed to continue building the structures, and the city government of Vancouver had to step in. They later turned over the Olympic Village to the company as their asset.

 

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