While global investments offer vast prospects of registering financial success, it is worth noting that there are also significant levels of risks. Despite having the required resources to venture in the global market, the lack of management and leadership skills may expose a business to enormous risks. Fortress Investment Group is an investment management firms that has skilled and experienced individuals who help mitigate such market problems. The investment firm was founded in 1998 and has in the past year increased its products and services portfolio. In 2014, Fortress Investment Group was listed as being the Hedge Fund Manager of the Year. It further serves as being one of the first private equity firms to be traded publicly.
It was featured in NYSE in 2007. By 2009, the management reported that the group had sold more than 8% of its stakes. The founders include Randal Nardone, Peter Briger, Rob Kauffman and Wes Edens. Rob Kaufman resigned from the operations of the group in 2012. However, other founders are still engaged in the activities of the group. Randal Nardone serves as the interim CEO. Pete Briger is the co-chairman and principal of the board of directors while Wes Edens serves as the co-chairman. The founders of the Fortress Investment Group have extensive experience in areas such as banking, risk reduction, capital markets, wealth accumulation, the stock market, and the other regions. It is these skills that have helped propel the group into improved market performances.
Services offered by Fortress Investment Group
The main products of the group include credit funds, hedge funds, traditional assets management, private equity, railroads and investment management services. Some of its subsidiaries include NationStar Mortgage, New Media Investment Group, New Senior Investment Group, RailAmerica, Brookdale Senior Living, AirCastle, Railroad Acquisition Holdings, Intrawest and other companies. The group also manages the assets of permanent capital vehicles such as New Residential Investment Corp, Fortress Transportation, and Infrastructure Investors LLC, New Senior Investment Group, New Media Investment Group Inc and EuroCastle Investment Limited. The management has also exhibited the desire to diversify the operations of the group into areas such as real estate and energy sectors. The move is intended to boost the revenues and increase its competitive advantage.