Category: Investment Management
Fortress investment group is a private equity company that was founded in 1988. The firm has consistently grown and also played a substantial role in the assets management industry. Officially, the company achieved its ultimate goal in 2007 when it provided Initial Public Offering (IPO) at the New York Stock Exchange (NYSE).
At the moment, the firm has managed assets worth forty-three billion for over one thousand and seven hundred investors. Despite the company starting as an independent firm, it has managed to expand its operations to incorporate not only the fixed capital vehicles but also the hedge funds. With its major headquarters in New York, the firm has employed over nine hundred workers. The ‘strong risk-adjusted return’ of investment is among the primary techniques that the company has been using to captivate an enormous customer base for some time now. Fortress Investment group is managed by Randal Nardone along with Wes Edens and Peter Briger.
Randal Nardone is an American Entrepreneur with more than thirty years experience in monetary services. The businessman went to Connecticut University and acquired a bachelor’s degree in English and Biology. Later on, Randal Nardone went to Boston University and graduated with a juris doctor degree. Before becoming an entrepreneur, Randal worked as an associate and executive member at Thacher Proffitt & Wood. His passion for the financial service industry motivated him to join Blackrock Financial Management. He served as a Chairman at UBS Company for a year. He has also worked in numerous popular firms before the establishment of Fortress.
In 1997, he teamed up with five principles and built Fortress Investment group. Since 2013, he has been serving as their Chief Executive officer. Regardless of being the Managing director, Randal plays other roles in the company. Just to illustrate; he has served as the co-founder and principal of Fortress Credit Corporation. He has also worked as the COO of the investment funds.
Apart from the roles in Fortress, Randal Nardone is the managing director and chairman of Springleaf Financial Holdings and NCS I company. He is also the vice chairman and secretary of Newcastle Investment Holdings. Last year, SoftBank Group Corporation acquired Fortress Investment Group at $3.3 dollars. Moreover, the company continues to operate as a private firm while still preserving its initial principal roles. Fortress Three Top Executives Split $44 Million Bonuses In 2015
About Chris Burch
Chris Burch is a renowned entrepreneur. He has invested in diverse sectors including real estate, fashion, and technology.
His entrepreneurial journey began in 1976 when he was a student at Itchica College. He co-founded Eagles Eye apparel. The start-up grew rapidly to a net worth of $165 million. It was later sold to Swire Group. After the sale, he invested in Internet Capital Group
Chris is the current CEO of Burch Creative Capital. Check burchcreativecapital.com for more reading. The company has famous brands such as Cocoon9, Poppin, ED by Ellen DeGeneres and the Nihiwatu Resort.
Chris Burch’s Investments
Chris Burch is well-known for his internationally recognized retail brands (C. Wonder and Tory Burch). Related article on bjtonline.com.
In 2012, he shifted his focus to the hospitality industry. He paired up with James McBride, an hotelier, and bought a beach hostel on the west coast of Sumba, an Indonesian Island. Three years later, the hotel re-opened after a superb face-lift. It is estimated that the duo spent $30 million to renovate the hotel into a five-star facility. The resort was named Nihiwatu.
Nihiwatu has excellent facilities comprising 27 private villas. Each villa has a bathroom. Bedroom, balcony and a plunge pool that offers magnificent views over Nihi Beach and across the Indian Ocean. Additionally, the facility has a spacious indoor-outdoor entertainment area. Check this on businessinsider.com
Chris has turned one of the villas, Raja Mendaka, into his private home. Raja has the main house and four other villas. Some of the villas in Raja are available to guests at a relatively higher cost.
Nihiwatu is recognized for its perfect mix of modernity and the traditional culture of the Sumba. It offers an excellent display of the Sumba antiques and paintings. The beach hotel also has yoga sessions and is considered a haven for surfing. There are several waterfalls near the facility. The visitors go for excursions to the waterfalls through a blue lagoon where they can jump off the rocks and swim.
In 2016, the resort was voted the best resort in the entire world. The Travel + Leisure acknowledged the resort for offering the best services. The hotel which is popularly known as “The Edge of Wilderness” beat thousands of other resorts to emerge the best.
Burch and McBride have become the benchmark in the hospitality sector. Nihiwatu catapulted the duo into the peak of the industry. The resort has been awarded several awards for its serenity and top-notch services.
The success of the resort has encouraged them to invest more in the sector. They are planning to build more hotels in Costa Rica and Nicaragua. The new investments will target the millennial travelers.
Read insights from Burch on http://interview.net/chris-burch-of-burch-creative-capital/
Chris Burch is one of the finest minds in the fashion world, and he is moving into the hotel industry by starting the Nihiwatu Resort. He has placed this resort on a beautiful island in Indonesia, and he wants to grow the profile of his new five-star resort to help all customers receive the experience they need. This article explains how Chris does his work, and there is a look at how he provides better leadership to all his projects. More of this on businessinsider.com.
#1: What Is Nihiwatu?
The Nihiwatu Resort is on a beach in Indonesia that sits on a minor island, and it was once a hostel that had been last abandoned. Chris purchased the property, and he took on partners in the hotel industry who helped him create a much better resort. He had an idea of this beautifully-designed place, and he used his design eye to create a gorgeous resort that is for the five star customer.
#2: The Customer Experience
The customer experience at Nihiwatu has been improved quite a lot, and there are many people who will enjoy using this resort to get away for a while. There are many people who will come to this place because it provides a beautiful escape, and someone who is searching for a better place to come will find that Nihitwatu lets them go to one of the most-remote corners of the world.
#3: His Companies
Chris is the leader of Tory Burch and many other projects that he has created with Burch Creative Capital. Related article on bjtonline.com. The company is quite important to the fashion industry, and Chris believed that fashionable resorts would be the best step for him. He knows that there are many people who benefit from his work, and he provides them with interesting opportunities that are far beyond the traditional. Check burchcreativecapital.com for additional article.
#4: Growing Ideas
Chris wants all his readers to try taking risks as much as possible. The risks that are taken often lead to better ideas, and someone who is willing to make changes to their businesses will find that the ideas and risks will go hand-in-hand because of the nature of the business world. For Burch insights and views on things around his area of focus, hit on ceocfointerviews.com.
Chris Burch has done quite a lot of work to ensure that the businesses he runs are stronger than ever. He helps them grow with his creative mind, and he has started a lovely resort in Indonesia that is perfect for all five-star resort goers.
Interesting article to read on http://www.huffingtonpost.com/news/chris-burch/