Innovation is the Key to Success of Fortress Investment Group
Ever since Fortress Investment Group was founded in 1998, it has been in the forefront in provision of investments advice and funds to its esteemed clients. The firm was founded by Randal Nardone, Wes Edens and Rob Kauffman. Their profound financial experience from their former employers the Goldman Sachs, UBS, Lehman Brothers and BlackRock Financial Management has been the contributing factor to the rapid growth of the company. Fortress Group journey has been an amazing one from being a private equity company to becoming the first company in the sector to go public on the NYSE (New York Stock Exchange). Fortress has grown over the years to become a global trendsetter and today it directs billions of dollars of assets to thousands of investors. These investors range from hedge funds, private equity and capital financial vehicles.
It is located in New York and it has hired over 900 workers over the years. Fortress Investment Group is reputed for incomparable services in asset-based investment, operation management, capital markets, corporate mergers and acquisition as well as providing sector-specific information of companies. Through its asset-based investments, Fortress Group has covered many areas such as real estate, financial vehicles and capital markets. This platform has presented the company a great means to make more revenue. Its expertise in owning, financing, management of physical assets and pricing has been the backbone for its top rank in the NYSE. The specialty of its employees has also contributed to its rapid rise in the industry. It workers mind their relationships with corporate shareholders, board members, management experts and general public.
Besides great customer care relationships, Fortress Investment Group has also focused on internationally affiliated funds. This includes Asian-focused Fund that is classified into the Fortress Japan Opportunity Fund, the Fortress Asia Macro Fund and the Japan Income Fund as well as the Italian NPL Opportunities Fund. Through mergers and acquisitions, Fortress has gone on to acquire AIG’s America General Financial Services currently known as Springleaf Financial Services. The company has gained popularity since its acquisition and it value has increased enormously. Fortress has gone on to open offices in San Francisco and two other in Shanghai and Singapore. Fortress Investment Group contributions and innovations in the business sector have been honored lavishly. In both 2010 and 2011, Fortress was honored by the Institutional Investor Magazine as the “Credit-Focused Fund of the Year“. In 2012, it was bestowed with the Discretionary Macro-Focused Hedge Fund of the Year Award. Fortress was also the recipient of the “Hedge Fund Manager of the Year 2014 Award”.