Contributions made by Randal Nardone in Fortress Investment Group
Randal Nardone is a financial analyst and legal expert and has interests in over eight organizations across different industries. He co-founded the Fortress Investment Group with the aid of Wesley Edens. Randal Nardone serves both as the CEO and the director of the organization. Although he studied law, he ventured into financing after working as an associate in Thatcher& Proffitt Law Firm. He observed that the two sectors could be interlinked to offer a competitive advantage in financial services. In the past, he served in organizations such as Newcastle Investment Corp, Blackrock Financial Management Inc, and other business. Randal used the opportunities to improve his leadership skillsin finance.
In the past twenty years, Randal Nardone has coordinated the operations of Fortress Investment and guided it to success. He is held as having 50 million shares that are valued at $1.6 billion. The figure places him in the 557th position of the Forbes Billionaire List. Nardone acquires the investment skills while working in UBS where he served as the director. He can be painted as a committed and hardworking leader keen on remaining competitive in the financial market. His skills have equally seen him being included on the executive boards of huge corporations in the USA. He is the director and chairperson of the Newcastle Investment Corp. his extensive professional links makes it possible to manage the operations of Fortress Investment Group and other ventures.
Services and Products offered by Fortress Investment Group
The group deals in investment management and is a private equity listed in the NYSE. It has alternative assets that are valued at over $ 70.2 billion. In 2014, the group was named as the Hedge Fund Manager of the Year. In 2017, Softbank exhibited its interest to acquire the enterprise. it bought the investment group for $3.3 billion. Despite the merger, the organization retained its identity and continues to be managed by Randal Nardone. It is also a portfolio Company and has interest in Florida East Coast Railway, Apollo Global Management, Canadian Ski Resort, and the Florida East industries. The ventures in different industries minimize chances of loss and ensure that the organization remains competitive in the market.