When it comes to the world of investments, many individuals are simply scared. The stock market can be a strong beast to deal with all on its own. However, when you start to add in the chaos of the great recession of only a decade ago and then throw in the current political climate now being faced, it is absolutely a tough thing to try and go it alone. That is why some individuals are finding tremendous success by teaming up with Fortress Investment Group.As an asset management company with over $43 billion in assets under management, Fortress Investment Group is absolutely at the top of the professional field. There are more than enough resources available to anyone and any investor to have their needs met.
When it comes to making sure that you actually have your financial needs met, it is important to work with experienced advisors who also have a great many tools at their disposal.That is exactly why it is so important to be able to find an organization like Fortress Investment Group.Fortress Investment Group is also able to use their resources to branch out into other services that can help business as well. While focusing on asset management, they are also able to help fund the growth of small and large businesses alike by providing credit to clients and commercial entities. On top of that, the services of private equity and capital vehicles are just two more of the major areas that are focused on. That is why when it comes to understanding a large institution who is currently breaking through headlines and becoming renowned with respect to financial reputation.
Fortress Investment Group is doing all of the right things for both the present and for the future.Regardless of what type of funding you are looking for, whether to borrow for the present or to invest for the future, the need of experienced advisors can be crucial at each and every step along the way. From the very first conversation about initial goals until the time cash and transactions have been deposited and confirmed at the bank (and even beyond that), it is imperative for individuals to have the right sort of assistance and professionalism on their side. When it is your future, your retirement, and your way of life on the line, you simply cannot leave any given detail to chance.
Source of the article : https://en.wikipedia.org/wiki/Fortress_Investment_Group
Wesley Edens, Rob Kauffman and Randal Nardone, founded Fortress Investment Group in 1998. The company is based out of New Your City and is a leading global investment management firm. At the end of 2017, the company was responsible for roughly 43.6 billion in current assets. The four main types of assets the company manages are private equity, permanent capital vehicles, credit private equity, and credit hedge funds.Part of the reason the company has seen so much success is because of their five core competencies. First, they are an asset-based company. This means that they concentrate their asset-based investing on varied asset types. Whether they be real estate or financial assets, the team at Fortress has experience in pricing, owning, financing, overseeing their client’s assets.
Second, they have mass knowledge about and quality relationships with the industries they invest in; this is critical to their client’s success. Third, they have the tools necessary to weigh the various challenges that come along with investing. Fourth, they have experience in corporate mergers and acquisitions. Last, they are highly proficient when it comes to capital markets and securing low-cost, low-risk financing.Despite their success, at the end of 2017, Fortress Investment Group was acquired by SoftBank for $3.3 billion cash. SoftBank is a technology player with the goal of driving the information revolution.
At the close of the transaction, SoftBank will own all remaining Fortress shares. At the time of acquisition, Fortress’s common stock was taken off of the New York Stock Exchange. Additionally, the outstanding Class A shares were transformed into the right to collect $8.08 per share. Some clients and potential clients worried what the SoftBank acquisition of Fortress meant for them, however, they need not worry. Even though Fortress was acquired by SoftBank, the company will continue to operate as an independent business. Additionally, the leadership team will continue in their current positions.
Wes Edens: the self-made American billionaire and philanthropist.Wesley Robert Edens is the chairman of Fortress Investment Group. It is among the most prominent alternative asset managers in the hedge fund industry. Wes Edens was born on October 30, 1961. The American National attended Oregon State University where he attained his Bachelor’s degree in Finance and Business Administration in 1984. After graduation, he joined the Lehman Brothers in 1987. This was a kick start to his long and prestigious career. At the firm, he served as Managing Director for six years. He then joined BlackRock’s Asset Investors where he headed the private equity division for almost half a decade.
Wes Edens then joined a couple of other investors who include Randal Nardone, Peter Briger, Robert Kauffman and Michael Edwards in 1998 to establish Fortress Investments. Edens has a unique investment style which is described as one based on creative financing and contrarian bets. Edens together with his partners took the company public in 2007 making it the first ever publicly traded buyout firm. The firm was then sold 15% of its stake to a Japanese holding company called Nomura Holdings for over $800 million. By the year 2009, the general public had a stake in the company for a whopping $600 million. During this period, Wes Edens was named the Chairman of the Board of Directors at Fortress. He helped strategize the resurge of the company after the subprime mortgage crisis and has been at the mantle of the company’s tremendous success.
In 2017, Wes Edens led the company in establishing an eSports teams called FlyQuest. This is a professional video gaming team which competes in the Championship Series in North America. Apart from his role at Fortress, Wes was heralded the new king of subprime lending by The Wall Street Journal after officiating the purchase of Springleaf Financial Services. He is the chairperson of both Springleaf Financial and Nationstar Mortgage.Wes Edens is the current owner of NBA team Milwaukee Bucks which he purchased from Herb Kohl in 2014. He vowed to keep the team in Wisconsin and even pledged to upgrade its status by building a new home arena. Edens also participates in various philanthropic works. He has over the years donated over $2.7 million in assets and funding to various charity organizations and foundations. He has been awarded for his contribution to business and philanthropy. Wes Edens is a family man with for lovely children. He is a lover of sports and he loves mountain climbing.