Posts Tagged: investment management organization

Financial and Investment Services Offered by Fortress Investment Group

The Fortress Investment Group refers to an investment management organization that has its headquarters in New York City. The organization was founded in 1998 and has been in operations for over two decades. Some of the notable individuals in the organization include Randal Nardone, Wes Edens, and Pete Briger. The listed individuals co-founded the organization with Rob Kauffman who has since resigned from the organization. Although the Fortress Investment Group started off as private equity, it became publicly traded after being listed in the NYSE in 2007. Two years later, the management had successfully offered more than 8% of the groups’ shares to the public. In June 2016, the group was reported to manage assets worth more than 70.2 million dollars.

The assets were mainly private equity, hedge funds, and credit funds. In 2014, the exceptional contribution of the leaders saw the organization being named the Hedge Fund Manager of the Year. Since then, the group has remained committed to offering quality services and products. Some of the products offered by the organization include traditional assets management, private equity, railroads, hedge funds, and other financial products. It has also successfully managed the assets of major permanent capital vehicles across the globe. They include Fortress Energy Investment Group Inc, New Media Investment Group, New Senior Investment Group, and the New Residential Investment Group. Through the services offered by the Fortress Investment Group, the listed organizations have remained profitable in the past years.

The Merger of Fortress Investment Group with Softbank Group Corp

The Softbank Group Corp. is a Japanese conglomerate that has interests in telecommunication and financial services. In 2017, it exhibited its interests of acquiring the shares of the investment management firm as being one of the ways of improving its financial services. The merger was completed in 2017 which saw the Japanese based company become the parent company of the group. However, the fortress team was retained and allowed to run independent operations. The decision was based on the need to maintain the positive organizational culture that had been created in the past twenty years. Currently, the group has the intention of venturing into other markets such as real estate and energy sectors.