Two decades ago, Fortress Investment Group was instituted as a start-up hedge fund serving some parts of the New York City. Regardless of the humble start, the company has developed to a giant investment manager serving thousands of clients and running hundreds of stable investment schemes.
Reasons why Fortress Investment Group is among the leading investment management firms
- FIG manages assets worth billions of dollars
Presently, FIG manages $ 41.6 billion of physical and liquid assets. The assets are distributed across the world’s real estate, transport, and finance industries. Besides the assets, the chief investment manager serves over 1700 venture capitalists from various parts of the world. Check out inc.com to learn more about fortress investment group.
- FIG works with a talented team of experts
Fortress collaborates with gifted finance and investment experts. They specialize in sector-specific investment research, asset management, and financial management. Furthermore, the experts have solid skills in securing appropriate business financing.
FIG’s team is led by Randal Nardone, Peter Briger, and Wes Edens. Randal Nardone is FIG’s co-founder. Afore establishing the firm, he served BlackRock Financial Management and other principal financial firms.
Wes Edens collaborated with Mr. Nardone to cofound FIG. Before founding FIG, the executive served Lehman Brothers, a famous US-based investment bank. Moreover, Wes Edens worked at BlackRock financial management firm.
Peter Briger cooperates with Edens and Nardone to supervise FIG’s team. Mr. Briger is Goldman Sachs’ former employee. Forbes recognizes him as one of the best global business experts.
- FIG is the Investment Industry’s pacesetter
Fortress Investment Group is branded as the Investment Industry’s trendsetter. Why? In 2007, Fortress became the first investment management firm to offer its stocks with an IPO. A few years later, other hedge funds like Oak Tree Capital Group followed the trend.
In 2017, Fortress Investment Group was documented as the first investment management firm to be acquired. Softbank, a chief Japan-based investor, purchased it. FIG’s top principals claimed that the acquisition was made to improve the investment firm’s competence.
Despite the acquisition, Softbank allowed FIG to continue operating as a self-governing hedge fund. The firm retained its headquarters, as well as its management team. Moreover, it maintained its investment philosophy.
Learn more: https://www.fortress.com/businesses/credit