Randal Nardone is among the experts doing excellently in the financial industry. Nardone is a lawyer by profession but decided to join the financial sector. He is among the leading figures who specializes in private equity, hedge funds, and financial services. Randal is ranked one of the topmost billionaires in the world as he is ranked number 557. His desire to offer financial advice to companies and individuals is unmatched.
Randal Nardone is a highly educated individual. He earned a bachelor’s degree from the University of Connecticut. He attended the Boston University, School of Law, and received a law degree. With this education, he has worked as a partner at Thacher Proffit & Wood. Also, Randal has worked as a principal at Blackrock Financial Management, Inc. He has also worked at the Union Bank of Switzerland. With this experience, Randal decided to start his investment management firm together with other leading financial experts. In 1998, Nardone co-founded Fortress Investment Group, and since then he has served as the CEO.
Randal Nardone has helped the company grow significantly with his leadership and expertise. Under his leadership, the firm has received various awards: ‘Hedge Fund Manager of the Year’ and ‘Management Firm of the Year’ by Institutional Investor and HFMWeek respectively. He has been in the frontline to ensure that the firm provides top quality services to clients. Employees of the investment management firm are happy to work under his leadership and working hard to help the company achieve its set objectives in the financial industry.
In December 2017, it was announced that SoftBank Group Corp. was acquiring Fortress Investment Group. The transaction was successful, and the SoftBank retained Randal Nardone as the interim CEO. Nardone was happy and optimistic that the deal was of great importance and it would help strengthen and accelerate the future firm’s growth rate. It was a good deal for executives as well as investors of fortress investment Group as each share was bought at a higher price of $8.08 compared to the trading value of $5.83 per share. Fortress Three Top Executives Split $44 Million Bonuses In 2015