An Overview of the Career of Founder of Fortress Investment Group Randal Nardone
Fortress Investment Group is one of the leading global investment managers in the world, with the only private equity firm to be publicly traded in 2007. The company has more than $70 billion in assets under management and has over 1,800 clients as of now, a count that continues to increase with time. Fortress Investment Group has helped many clients reach their financial goals. It is not easy for the companies and large-scale organizations, medium to large sized, to manage their finances and find new investment options they can rely on to shield from the volatility of the financial markets. However, the investment managers like Fortress Investment Group has a dedicated finance research team that ensures that the clients ‘ business objectives are met.
Fortress Investment Group only provided equity-based services in the beginning, but later moved on to offer other services, including real estate associated investments, credit funds, hedge funds, and much more. Softbank Group Corp recently acquired the company for $3.3 Billion, which is going to expand the outreach of the Fortress Investment Group. The leadership of the company has ensured that it continues to grow consistently and provide its clients with the services and results they expect. Fortress Investment Group was set up by five founders, and one of them is Randal Nardone. He is currently the CEO of the company, a position he was promoted to in 2013. Before creating Fortress Investment Group, he was the director of UBS. Even though he had an inclination towards finance, he did not always want to enter the industry.
After completing his college from the University of Connecticut, he has a law degree from the Boston University School of Law. He also served as a lawyer for Thacher Proffitt & Wood for a few years before he shifted to Fortress Investment Group where he was responsible for the finance and the legal department of the company. He currently holds about 53 million shares of the company. Under the management of Randal Nardone, Fortress Investment Group continues to flourish. He ensures that any technological upgrades are done promptly and without any delays so that the employees do not have a problem finishing their tasks. The business model of the company was also the idea of Randal Nardone, and he ensures that each of its employees is provided with a friendly and competitive working environment where everyone is allowed to flourish and grow.