Taking up a course in the field of arts and ending up working in a financial institution may seem like an odd match to many people. But it does not seem so for the accomplished financialist Randal Nardone. He fancies law. He holds Juris Doctor degree from Boston University’s school of law. He also boasts of a bachelor’s degree in arts specializing in English and Biology which he received from the University of Connecticut.
Randal Nardone is the Chief Executive Officer (CEO) of one of the biggest investment firms, Fortress Investment Group. A firm he co-founded with Wes Edens and Rob Kauffman. The firm has a global reputation for offering high standards financial services. December 2011 to July 2013 Nardone served as the interim CEO. In August the same year, he was confirmed as the CEO of the giant financial firm.
Randal Nardone’s career at Fortress Investment Group started in 1998. His input in the firm has led to immense growth of the Group. He also serves as the principal of the Fortress Investment Group’s credit corporation department. He appears in the Forbes Billionaire list at position 557 with a net worth between one billion and eight hundred million US Dollars.
Before co-founding Fortress Investment Group, Randal Nardone’s experience covered a number managerial positions from different institutions. For instance, he has served as a managing director of UBS and a principal of BlackRock Financial Management. Randall has also worked as an executive member of Thacher Proffitt & Wood, a law company.
Nardone serves as a board member in the board of directors of Florida East Coast Holdings, Florida East Coast Railway Corporation, Springleaf REIT and also in the board of directors of Seacastle and Eurocastle Investment.
In 2017, at the cost of US Dollars 3.3 Billion, SoftBank acquired control of Fortress Investment Group. This transaction did not affect the management team at FIG. Randal Nardone still serves as the CEO of the firm. Randal believes the acquisition will strengthen the group and give them broader access to credit facilities. He maintains that the acquisition will not derail their investment plans and objectives. They will continue to invest in real estate, credit facilities, private equity, and railroads.
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GoBuySide is a well known recruitment agency in the investment management sector. GoBuySide was recently featured in an article on Yahoo News for their role in researching compensation in the private equity sector and what is driving it.
The Chief Executive Officer of GoBuySide is Arjun Kapur. He has recently granted the online magazine Inspirery an exclusive interview. Following are some of the things he revealed during this interview.
First of all, said Arjun Kapur, he noticed that there was a lack of transparency in recruitment field. This applied both to the firms and to the recruitment agencies. It also applied to the candidates who were applying for the jobs. The entire process was not one of transparency. Many business owners and firm managers were not getting a clear picture of qualified candidates who were ready and willing to do the job.
Arjun Kapur got the idea that through using advanced technology, he could disrupt the recruitment process for investment management firms and bring it to a whole new level. This he did when he launched GoBuySide.
When asked how his days look like, Arjun answered that every day is different at GoBuySide. However, he learned that it is so important to prioritize yourself and stay on top of all the tasks at hand. After all, there are always going to be fires that you will need to put out. Just stay on top of everything with lists so that you get to the most important things first. Never let yourself become disorganized.
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Gareth Henry worked with the Fortress Investment Group as a head of international investor relations between June 2007 and December 2015. He was originally from the United Kingdom, and he is an alumnus of the University of Edinburgh. He took up a degree in actuarial mathematics, and after he graduated from the university, he decided to leave for the United States. In June 2007, he joined Fortress Investment Group, and he worked hard to get the title as the company’s head of international investor relations. He is tasked to oversee the company’s marketing operations in Europe and the Middle East, and through his effort, the company became well-known in these regions, and the Fortress Investment Group gained new clients.
Another responsibility give to Gareth Henry while he was working with the Fortress Investment Group would be overseeing the company’s pension funds, wealth, and insurance relations that they have established with foreign partners. Throughout his career working with the Fortress Investment Group, he learned vital skills that helped him form his strategy that would help him generate his unique style and technique to succeed in the industry. He also became adept in managing the company’s sales and marketing related services and encouraged a lot of business people to invest in the company. The experiences that Gareth Henry gained from the Fortress Investment made him one of the company’s most valuable assets.
The Fortress Investment Group is now under the management of Soft Bank Group, a Japanese conglomerate which purchased the company for $3 billion. Gareth Henry has also left the company to work with another private firm, but his contributions to the growth of the Fortress Investment Group is evident in the company’s popularity across the regions that he handled. The strategies that he developed to increase the company’s sales across Europe, Asia, and North America transformed the Fortress Investment Group drastically, and his experience with the private equity firm made him valuable personnel for financial and business institutions. The Fortress Investment Group manages more than $60 billion worth of assets, and they are considered as one of the largest private equity firms in the world today.
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Distressed and undervalued assets this is an area that Wes Edens has become very good at investing. His ability to spot opportunities within this sector had him referred to as the new king of subprime in 2011. This followed his bold step to lead the Fortress Investment Group in the acquisition of AIG. At the time the company’s value had suffered a massive blow following the 2008 crisis and was on a continuous decline. Wes Edens saw an opportunity, and through the groups, Credit Private Equity wing acquired the same for 124 million dollars. He would lead its revival efforts, and by 015 he had been able to turn its fortunes around. The company is today known as SpringLeaf Financial a company managing an estimated 14 billion dollars. This saw him transform a company that had quite the limited current cash flows into one that is now considered a long-term flow generator. The group now invests in a number of areas that range from tangible & intangible assets spread in real estate, natural resources, capital assets, and intellectual property.
Wes Edens is not only interested in such investments as shown by his numerous investments in sports. He and his partner Nassef Sawiris invested an undisclosed amount to acquire a 55 percent stake at Aston Villa. This is a football club that currently plays in the Championship in England. The club has been in existence for over 100 years, but was recently faced by some challenges. They had been able to partly recover from the same and were, in fact about to make a comeback into the English Premier League had they not lost their final match in May. This, however, would not dissuade Wes Edens from making an investment. He understood the dynamics of the beautiful game and in so doing knew that if capital were injected into the club, they would give the management a chance to focus on what really mattered and sooner rather than later the club would be back to the EPL. Wes Edens is also a co-owner of the Milwaukee Bucks where he and his partner own a majority share.
The Fortress Investment group has been around for about two decades. Since the company began they have focused on being the best asset management company, they can be. Their growth over the years has reflected this given their ability to grow from 400 million dollars in assets under management to forty plus billion dollars assets under management today. All this happened in record time having grown the initial four hundred six-fold within the first five years. By 2002 they were among the fastest growing private equity firms.
The backgrounds of the founding partners paid a huge role in this growth. All three had experience in finance and to a large extent one in the private equity business. This meant they knew exactly what they were getting into and how they would handle the company moving forward. They would proceed to open an asset management division from the word go. This division housed various subdivision that would determine the kind of investments that the company would make going forward. These investments were either in media, real estate company, Transport, and infrastructure as well as technology. The Fortress Investment Group has been able to grow its assets in all those areas a strategy adopted to ensure that their diverse portfolio would always protect the company from the eventualities of a crash in one sector.
As the Fortress Investment Group grew, they realized that they needed to start investing using available credit facilities as well as advancing credit investments. This brought the need for a credit division within the group. They had to look for the best in the area, and they knew exactly to look. This is how the Fortress Investment Group ended up with Peter Briger from Goldman Sachs. They knew the bank had some of the most influential and knowledgeable credit experts. He was tasked with bringing this division to life, and the same year he as employed he had managed to start it. The division has grown to become one of the most profitable within the organization having made investments worth a staggering 100 billion dollars.
The credit division at fortress is also tasked with vetting the creditworthiness of every client or investment they decide to take or partner with. With over 500 employees working for the division it’s easy to see why they are able to have an expert in virtually every area. This is why the group has been able to invest in some of the most recent emerging markets.
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In the media, “Freedom Checks” have been made out to be some kind of scam or something similar to Patriot Checks. The truth is that they are not even in the same category and are definitely not a scam. While expert investors like Matt Badiali have been promoting them through clever use of the term “Freedom Checks,” they are very real and can be very profitable for those who decide to dig further. In the United States, the oil and gas sector has been working to break free from the rest of the world. The nation has been dependent upon oil and gas from the Middle East and other regions for many years but is now working to create a larger oil and gas sector of its own.
Matt Badiali is an expert in the natural resource investing world, and he has pointed out that fracking has also increased the amount of oil and natural gas that companies are able to extract in the U.S.A. He has talked about how this will increase the bottom lines of many oil and gas companies in the country. Now, this is where “Freedom Checks” come in. What these really represent are cash payments that come from what are called Master Limited Partnerships (MLPs). The United States government put these together many years ago, and while they are more regulated now than they were in the past, they are still an excellent investment opportunity.
Companies who earn most of their profits from the transportation, processing, manufacturing, or storage of oil and gas in the United States are eligible to offer this investment opportunity to people. When people invest in these, they receive payments that come out of the profits of these companies, and these payments are what people are calling “Freedom Checks.” These are very similar to stock dividends and also pay out every quarter or month. They have massive tax benefits, which allow them to only be taxed after they have been paid out in full. They are also taxed at the capital gains tax rate. Matt Badiali and others have just been trying to key people in to an opportunity they might, otherwise, miss.
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If you have been following the investment sector, you may have heard of Fortress Investment Group. It is a company that has come from a humble background, but it has expanded to become a global company because it offers quality services. Many investors and entrepreneurs have recognized the company for diversification ability, and it has grown its wealth to become billions. It started over two decades ago, and because of having visionary leaders it has been growing to this point today. It has acquired over a thousand clients, both companies, and individuals. What has the company done to become successful? It uses different strategies to excel in private equity, credit, capital investment and real estate.
They use the principle of underinvestment performance principle. Such a policy ensures that those who can take a substantial risk when it comes to investment can achieve high returns. That is essential when it comes to long-term investment. Since Fortress Investment Group has been expanding, it has established other affiliate offices, but the main offices are in New York. It also boasts of being an employer for thousands of employees. Among these employees, the company has also employed professionals who are competent in different fields. What is the main goal of Fortress Investment Group? It ensures that all the customers are satisfied and they can generate revenue. SoftBank Group Completes Acquisition of Fortress Investment Group.
The primary areas for the company include credit funds and private equity. The best part with Fortress Investment Group is that it is run by leaders who have technical knowledge in the field. Apart from having the knowledge and skills to run a company, they have also been in the industry for years, and this means they are experienced. With experience, knowledge, and skills, they know the best ways to advice their customers. They are also good at research because they want to give the best information to customers. The leaders have ensured the employees have been trained adequately before they can start handling clients. The training is essential because it enables the employees to have the right skills to deal with clients.