Randal Nardone, The Skilled Financial services Expert
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