Many people have talked about Fortress Investment Group especially since this private equity firm announced its IPO in 2007. While a lot has happened since then, many people still want to know who is behind then firm’s great success. Currently, the company controls property and assets worth $43 billion. This wealth is in the form of hedge funds, private equity, as well as permanent private vehicles. Fortress Investment Group currently has more than 900 employees. All these work jointly to ensure that the more than 1, 750 investors who have subscribed to FIG are satisfied that their investment is save. This is particularly important since 2007 when FIG became the first large and private equity firm to appear on the New York Stock Exchange.
Since then, Fortress Investment has never looked back. Randal Nardone, who started the firm 20 years ago has been in the forefront in ensuring that the company stands firm. Nardone, together with other two guys have been able to come up with a model that has ensured that investors’ assets in whatever form they may be are taken care of. Randal is the company’s current CEO. Before starting FIG, Nardone was working with Thacher Ptoffitt & Wood as well as BlackRock Financial Management. Peter Briger, the second principal in Fortress Investment Group joined the equity firm in 2002. He is in charge of the Credit Division. His line of duty enables him to serve investors with regard to credit as well as real estate investments.
Briger is one of the Forbes 400, a prestigious group that brings together business professionals from across the world. Prior to joining Fortress Investment Group, Peter worked with a number of different investment companies. One such a reputable company was Goldman Sachs. While at GS, Briger travelled far and wide. His mission however, centered in Asia where he was a member of different committees. Peter has a rich experience. The third principal is Wes Edens. He has a firm grip of business at his palms. In 2014, while with another business associate, Wes purchased Milwaukee Bucks, a basket ball club at a cost of $550 million. Edens also owns FlyQuest that is part of the teams that compete in North America’s League of Legends. At Fortress Investment Group, Wes handles Private Equity, one of the core divisions.
Talos Energy is one of the leading energy companies in the world. The organization main offices are found in Houston, and it has been performing quite well in the recent times. Talos Energy LCC has become very popular in the competitive market, a simple activity many companies have not been able to achieve for very many years. Talos Energy has significantly expanded in the recent times, shocking its competitors who have been facing challenges. Although the energy department has always been a gold mine for many people in the past, there have been numerous challenges that have been brought by the change in the dropping of energy products.
Several months ago, Talos Energy announced to its customers that it had successfully purchased a company to assist in serving customers in the International community. According to the news that the top management has been sharing through their website, Talos Energy will now be the owners of an institution that is called Stone Energy Corp. This institution is based in Louisiana, and it has been performing so well over the years. According to the news published by the company, the merger cost the institution almost two billion dollars. While working together, the two institutions will be operating under the name Talos Energy Inc, and they will also be expected to trace in the prestigious New York Stock Exchange using the symbol TALOs.
Both companies have announced that they are happy about the deal, and they are looking forward to finalizing the business in the final quarter of the year. This is an important step for Talos Energy, and it will go a long way in the provision of high quality products to the customers in all parts of the world. Both institutions have proven that they have professionals who have a lot of talents, and this only means that they will introduce the services the customer needs. The technical resources from the two organizations are also a sign that the two organizations will perform well in the future. The leaders from both organizations will work hand in hand to make sure that the merger is performing well even in the worst economic times.
When Randal Nardone teamed up with Rob Kauffman and Wes Edens to form Fortress Investment Group, he knew they were going to face stiff competition from other worthy institutions. Fortress investment is an asset management firm with headquarters in New York. Apart from being a co-founder, Randal Nardone is also the chief executive officer of the firm. Fortress has grown exponentially over the years to become one of the leading investment companies in the world. Fortress Investment is listed on the New York Stock Exchange and manages assets of over $43.6 billion. Randal Nardone has worked hard to earn a substantial amount of money and become one of the few billionaires on the globe.
According to the billionaire’s list published annually by Forbes Magazine, Randal is number 557 with a net worth of about $1.8 billion. He is a well-educated man with a bachelor degree in English and Biology, and a Juris Doctor degree of Law from Connecticut University and Boston University Law School respectively.Before his current positions at Fortress, Randal Nardone had worked in several other enterprises and gained a vast wealth of experience. He had previously worked for BlackRock Financial management as a principal as well as a joint partner and member of the Thacher Proffit &Wood law firm. A few months before the start of operations at Fortress, Randal had a short stint at UBS where he was a managing director. Apart from his role as CEO of the firm, Randal Nardone has been a member of the management committee for over a decade. His role as CEO mainly includes overseeing the financial and legal matters of the enterprise.
Being a law and business guru, Randal has had opportunities to serve in various other companies in different positions. He is the vice president and secretary of the Newcastle Investment Holdings, director at Touch Care Holdings, president and chairman of Springleaf Financial Holdings, and principal of the Credit Corporation.Under the stewardship of Randal Nardone, Fortress investment has been recognized and honored several times. In 2014, the firm received two awards due to its excellent reputation in the financial sector. It was named the Management Firm of the Year and Hedge Fund Manager of the Year by HFMWeek and Institutional Investor respectively. Fortress provides a conducive environment to its employees, and thus they can explore their full potential in delivering results. The company has also adopted a method of rewarding its hardworking workers to encourage and motivate them to work even harder.