Fortress Investment Group is one of the most distinguished financial services firms in the United States and has a global presence with over 1,750 clients. The company has been growing consistently in the past couple of decades due to its experienced leadership, which consists of expert finance executives like Randal Nardone, Rob Kauffmann, and Wesley Edens, who are also the co-founders of the company. In the beginning, Fortress Investment Group primarily functioned as an equity firm, helping clients to locate the stocks that are primed to shoot in the future. However, as the time passed, the company started to provide a wide range of financial services, including hedge funds, credit funds, real estate investments, mutual funds, and more.
The investment management services offered by Fortress Investment Group are considered to be one of the best in the markets and have received rave reviews from its clients, many of which are Fortune 500 firms. Fortress Investment Group was acquired for $3.3 Billion by Softbank Group Corp, which has proved to be beneficial for the firm and its clients. It has helped Fortress Investment Group to consolidate its position as the financial services provider worldwide. Randal Nardone is the current Principal of Fortress Investment Group, but not many people are aware that he was also one of the co-founders of the company. He along with his partners created Fortress Investment Group in 1998 and today it has more than $43.6 billion in assets.
Currently, the company has more than 1000 employees working from its New York City headquarter and also through its various offices in different parts of the world. Randal Nardone is on the list of the Wealthiest people on number 557 according to Forbes with an asset of over $1.8 billion.Randal Nardone joined the University of Connecticut after completing his schooling. He has two bachelors degree from the university. He then earned his J.D. from the famous Boston University School of Law. After pursuing a law career from one of the largest law firm, Thacher Proffitt & Wood, he soon became one of the partners at the firm. But, he was not happy with the way his career was moving, so he decided to join UBS as a managing director. It was here that he learned the skills of the financial industry. He also worked with Blackrock Financial Management before teaming up with other founders to create Fortress Investment Group.