The Fortress Investment Group is a firm that manages investments along with alternatives assets in private equities and liquid hedge funds and credit funds. The firm began its journey in 1998 on January the 1st being founded by Peter Briger, whom is the Principal and Co-Chairman of the Board of Directors, Randal Nardone, whom is also a Principal and Director, and Wes Edens. These three individuals became the founders of one of the most widely known diverse investment management firms with about 1,000 employees and $41.1 billion worth of assets. Read more on fortress.com
Recently, the Fortress Investment Group has sold the majority and all outstanding shares of the company to SoftBank Group Corp. The organization that bought the Fortress Investment Group shares is a global technology player. They made acquisitions of Fortress Investment Group LLC for $3.3 billion in cash. After the SoftBank Group Corp. completed this transaction, the Fortress Investment Firm was pushed out of the New York Stock Exchange. Their stocks have now merged together even though the SoftBank Group Corp. is a part of the TOKYO stock. Included in SoftBank’s stock portfolio are advanced telecommunication, internet services, artificial intelligence, smart robotics, clean energy technology providers, and Internet of Things (IoT). Fortress is now privately operated with headquarters in New York while Briger, Nardone, and Edens continue to manage the firm.
Fortress is continuing to strive to become the greatest at what they do, and the financial downturn may slow them down, but it is not going to stop them. Wes Edens ambition and divergent thinking led him and the firm to invest around $3 million on private passenger railroads in Florida after their financial issues. Edens is also investing in other assets that many would disagree to be a good business move and wouldn’t understand Eden’s execution. With these leaders behind the Fortress group, there is no assumption to the end of their journey.