Investing can be one of the most profitable livings in portfolio management, financial services, and banking – particularly alternative investment management firms like Fortress Investment Group of New York City, New York.
Fortress Investment Group celebrates 20th birthday this year, a full two decades away from its 1998 incorporation by just three young, inexperienced, entrepreneurial partners: Randal Nardone, Wesley Edens, and Rob Kauffman.
The company has grown immeasurable leaps and bounds since it was created, as Fortress Investment Group currently is responsible for the direction of some $45 billion in assets for a whopping 1,750 clients spread all across the world. Its investors are spread across the worlds of permanent, illiquid vehicles of capital investment; private equity firm for individual investors not associated with corporations, businesses, or government interests; and high-risk investments covered with money borrowed en masse from institutional investor-oriented financial institutions.
As one can see, Fortress Investment Group doesn’t always play it safe, nor does they company rely on just a handful of strategies to generate its market-high returns. Fortress Investment Group’s central strategy – its go-to move, if you will – is sourcing strong returns that are always adjusted for risks according to what the given portfolio’s particular owner wishes to achieve. Rarely ever does this strategy backfire on the countless pros – together they have thousands of years of experience across all nooks and crannies of the financial services industry – that maintain existing successful strategies, exercise them, determine where new strategies would be most appropriate, and formulate those new strategies.
Here’s what Fortress does today
Fortress still operates in the same manner it always has. However, rather than Fortress legally owning itself as a corporation or its assets being split among its three founding partners in the form of a partnership.
The company has since been acquired by Softbank, a full-fledged financial services firm that forked over some $3.3 billion.
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