Since Fortress Investment Group was established in 1998 as a non-publicly traded company, it has been identified to be a trendsetter. An example of this is that it prefers investing in risk-adjusted income strategy for the benefit of its employees. Also, 2007 was the year when it was listed in the Stock Market Exchange of New York City and became the first private company to go public. Fortress manages assets that are over $43 billion which comes from investors who are more than 1,750. Besides, its first headquarters were located in the New York City with more than 900 workers under its roof.
The founders of Fortress Investment Group are Randal Nardone, Wes Edens, and Rob Kaufman who resolved to work jointly. Having worked in several financial institutions before joining Fortress, it, therefore, means that they are very highly experienced on matters concerning investments and they came along with those skills in Fortress. Thus, it has experts in delivering the following services; managing, pricing, and possessing the physical and financial assets. It has also set up robust tools to extract value straightly for complex investment that it takes part. Assessing its operational, structural, and facts trending on the ground was achieved through appropriate management of its portfolios. Also, it has proficient manage who deals with securing funding via equity markets and debt markets.
One attribute of which Fortress Investment Group boasts is that of outstanding customer service. The organization has thoroughly trained its employees in the handling of its clients to ensure that they are always satisfied with their services. This training has been made mandatory for all the employees at the recruitment stage to ensure that all the staff members are equipped with the appropriate ethics in which the company believes. As a result, the performance of Fortress Group has exponentially grown to become one of the leading investment management institutions in the whole of the US.
Finally, 1999 was the year when Fortress investment Group launched the Fortress Investment Fund 1. It practiced real estate investment in Toronto and New York City markets before but, it has grown to the point that it is providing credit securities and hedge finances as at now. Also, it experienced exponential growth from 1999 to 2006, and it was approximated that its private equity grew to about forty percent. Currently, Wes Edens and Randal Nardone are principals in Fortress while their colleague Rob Kauffman has already retired and he no longer works for Fortress.
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After Peter Briger completed his undergraduate at the Princeton University, he found it wise to join the Wharton School of Business to advance his degree in Business Administration. He studied for two years before leaving for employment after the completion. The first employment that he got was by the Goldman Sachs. This was the largest finance and investment firm in New York and so working in the organization was a great milestone to kick off his career. The management of Goldman Sachs made him responsible for various operational roles that he used to prove his ability to work efficiently. He was later given more responsibilities, some of which included managerial roles. These were tough tasks, but his passion made him fit for the tasks.
While performing the responsibilities that were bestowed on him, Peter Briger decided that it would be prudent if he advanced his studies by enrolling in leadership courses. This was the best decision that he had ever made because he was trained to become a better manager and also equipped with skills in leading a team of workers. It was after this course that Peter Briger was promoted to lead the investment sector of the bank as the investment and portfolio manager. Later Briger would move to Fortress Investment Group where he would continue with his leadership career as the CEO and principal of the organization. This was back in 2002.
His transfer to Fortress Group brought a lot of transformations to the organization. To start with, the firm had been earlier operating as a private equity firm. This changed when Peter Briger introduced hedge funds and real estate as alternative asset strategies for the company. These brought a lot of improvement to Fortress Investment Group because even the assets under its management increased greatly. The number of clients that invested in the firm also skyrocketed because they could feel safer investing in an alternative asset management firm.
After Briger realizing that the company had increased in the number of clients for who it managed their assets, he proposed the opening of additional offices in various parts of the world so that they could enhance their services to their customers. They opened one headquarter in San Francisco, from where Peter Briger operates. They also opened one in Shanghai and another one in Singapore. This was a clear indication that the organization was growing and the management, on the other hand, was ready to cope with the growth.