Craft in the City

Financial and Investment Contributions made by Randal Nardone in Fortress Investment Group

In 2014, the Fortress Investment Group was named as the Hedge Fund Manager of the Year. The award indicated that the group has over the years been committed and innovative in addressing the investment needs of diverse clients. Factors such as the professionalism of the team, organizational culture and innovation are credited for the consistent growth and expansion of the group. The Fortress Investment Group was created in 1998 by Randal Nardone, Robb Kaufman, Wes Edens and Peter Briger. The principal founders have had successful careers in the financial markets. They thus use their skills in areas such as credit funds, liquid markets and assets management to oversee the smooth running of the organization.

The Fortress Investment Group was featured in the NYSE in 2007. The move allowed the group to offer more than 8% of its shares to the public by 2009. In 2017, it was acquired by the Softbank Group Corp thus putting it on a global stance. However, the merger did not disrupt the structures and administration of the team {Peter Briger}. On the contrary, it remained as an independent venture under the parent company. It manages the assets of numerous public traded companies such as New Media Investments Group Inc, EuroCastle investment Limited, New Residential Investment Corp and New Senior Investment Group. Randal Nardone has helped propel the organization into competitive markets such as energy and real estate sectors.

Randal Nardone

Randal Nardone is ranked in the 557th position of the Forbes Billionaire list {Peter Briger}. Most of his wealth and resources come from the shares in the Fortress Investment Group. Randal shares in the Fortress Investment Group are valued at more than 1.6 billion dollars. He attended the Boston University where he studied English and Biology. In later years, he moved to the University of Conncercuct and pursued law. After graduating, he worked in different organizations such as Thatcher and Proffitt law firm, BlackRock Financial Management Inc and UBS. Other than his services in the Fortress Investment Group, Randal Nardone is also the director of the EuroCastle Investment Limited {Peter Briger}. Peter Briger’s leadership skills have been instrumental in creating a positive organizational culture and ensuring that the group remains competitive.

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