Employees’ Contribution to the Success of Fortress Investment Group.

Many investment management firms are starting to succumb to the economic challenges to which the investment sector has been subjected. These challenges include poor leadership, low investment returns and stiff competition among the industry players. However, Fortress Investment Group has defied the odds and remained stable throughout the challenging times. This has not been out of luck or a coincidence. It has been as a result of a clear strategic plan that has been laid by the management of the company, led by a team of three co-presidents namely Randal Nardone, Peter Briger and Wes Edens. The trio forms a concrete foundation that has supported Fortress Investment Group and enabled it to remain stable while many of the other similar firms are collapsing.

Several core aspects have been behind the success of Fortress Group. One of them is the diversification of its portfolio, which was the initiative of Peter Briger when he joined the company in 2002. Before then, Fortress Group was mainly managing private equity and credit fund for its clients. When Briger joined the company, other investment strategies were introduced to the company’s portfolio which made its asset under management increase rapidly. Some of these asset strategies were capital, hedge funds, liquid markets and other financial vehicles that could create continuous cash flows for Fortress and its customers. All this was made possible by the great team of employees at Fortress Investment Group that possess specialized expertise in managing, valuing and pricing of assets, both financial and physical.

The second factor that has been critical to the success of Fortress Investment Group is its effective management of operations. The firm has some sound equipment that it has developed to enable the efficient monitoring of investment strategies which sometimes are too sophisticated for the ordinary investor to track. These have been accompanied by the excellent operations management and evaluation of both structural and strategic facts that could affect the performance of the investments under their management.By the end of 2017, Fortress Investment Group had more than 1000 employees on board, many of which comprised professional investment experts that ensure that the investment operations in the company run smoothly.

Randal Nardone

Randal Nardone

Randal Nardone is a notable individual in the financial industry. He is famously known as the co-founder and the Chief Executive Officer of a multi-billion company, Fortress Investment Group. Before he co-founded Fortress Investment Group, Randal Nardone graduated with a bachelors’ degrees in English and Biology. Additionally, he received his bachelors and masters degree in Law from the Boston University School of Law. He served in a law firm where he later became a partner and a member in the executive committee.When Randal Nardone was serving in several law firms, he tried to see how legal firms could consolidate with financial firms. As a result, he found himself concentrating more in the financial field. Thus, he decided to venture into the financial industry by working with several firms. In 1998, he co-founded Fortress Investment Group together with Wes Edens and other notable individuals in the world of finance.

Randal Nardone became the CEO of Fortress Investment Group in 2013. Since then, he has led the company in realizing success and recording significant growth and development. The multi-billion company has recently been attracting some firms and clients who describe the firm as offering high-quality services. The success is mainly attributed to the portfolio that Nardone has put into position. Majority of workers from Fortress Investment Group state that the excellent leadership and management has played a significant role in realizing the objectives of the firm.Randal Nardone did not study finance or economics, but he seems to the among the most qualified individuals in the sector. He has vast experiences and skills which has made him remain formidable in the industry.

With more than three decades in the industry, Randal Nardone continues to gain skills and knowledge in the financial sector. He cites that his experience has been attributed to the previous companies he has worked for and the job positions he has held.At Fortress Investment Group, he has additional roles since he is the co-founder, COO, and the secretary of Fortress Investment Fund IV and Fortress Investment Fund V. Additionally, he serves as the president, co-founder, and the COO of Registered Investment Trust. In addition to his roles at Fortress, Nardone is the vice president and the secretary of Newcastle Investment Holdings. He also serves as the director of OneMain Holdings. According to Forbes, Randal Nardone is number 667 of the world’s billionaires with a net worth of $1.8 billion.