Randal Nardone: Investment Strategies from Fortress Investment Group

The Fortress Investment Group is one of the leading ventures in investment management. The Company has been in operation for two decades and has recorded consistent growth and financial performance. Its products under investment management include traditional asset management, hedge funds, private equity fund, credit funds, railroads, and other services. It operates under the parent Company Softbank Group. Fortress Investment Group has subsidiaries such as the AirCastle Inc, Newcastle Investment Corp., New Senior Investment Group, New Media Investment Group, and other ventures. In 2016, Fortress Investment Group was reported to manage alternative assets worth more than $ 70.2 billion. The assets were in credit funds, liquid hedge funds, and private equity.

Despite being private equity, it is worth noting that is was listed in NYSE in 2007. Being included in the platform indicate that the Company had cemented its operations and registry stable earnings over the years. It is this performance that prompted the Softbank Group Corp to acquire the Fortress Investment Group in 2017. The Softbank Group is based in Japan and has an interest in telecommunication and financial services. The move to acquire Fortress Investment Group was influenced by the need to improve its global stance in Fortress Investment Group. Under the merger, the investment group was retained as an independent venture with Randal Nardone is still acting as its director.

The creation of the Fortress Investment Group

The Fortress Investment Group was established in 1998 by Wesley Edens, Rob Kauffman, and Randal Nardone. However, Kaufman retired from investment banking in 2012 leaving both Wesley and Randal Nardone to run the operations of the group. The two individual worked during the eerily years in BlackRock Financial Management Inc. after attaining the required skills and expertise; Randal Nardone and Wes proceeded to form the Fortress Investment Group in 2007. Over the years, the group has registered impressive growth. In 2014, it won the award of the best  Hedge Fund Manager of the Year. Both the awards and the annual financial performance indicates that its team is well experienced and trained. The team has been instrumental in transforming the operations of the group as well as developing a positive organizational culture.