Fortress Investment Group as the Management Firm of the Year

Fortress Investment Group was established in 1998 by a team of colleagues that is Randal Nardone, Wes Edens, and Rob Kauffman who decided to work jointly. It is a firm with Investment management as its primary role or legal duty, and it is located in New York City. When it was listed on the Stock Exchange market of New York City, it became the first significant private equity company to be traded publicly in the United States of America. Also, it was approximated that Fortress managed alternative assets that valued about $70.2 billion.

The founders of Fortress Investment Group came along with their experience from the previous firms that they worked for, such as; Wes Eden previously was a partner of BlackRock Financial Investment, Rob Kauffman was a well-informed businessman as well as the managing director of UBS while at UBS also Randal Nardone performed as its managing director. Via incorporating these varied experiences, it rapidly developed into real estate investments, credit securities, and hedge funds investment which was under the control of Michael Novogratz and who was Goldman Sachs’ former partner.

From 1999 to 2006, Fortress Investment Group experienced exponential growth in its private equity finances to the extent of the funds netting 39.7 percent. Due to its notable expansion and excellent reputation in the financial sector, it was recognized and awarded in several occasions like; Institutional investor named it to be the year’s Hedge Fund Manager while HFMWeek named it to be the year’s best Management Firm in 2014. In the same period, it employed Jeff Feig who previously served as Global Foreign Exchange Head when he was at Citigroup. In Fortress he served as co-CIO of its Macro Fund and worked for hand in hand with Novogratz.

2006 was the year when it purchased a Canadian Intrawest ski resort that was believed to be the Largest North America’s resort and sold it in 2016. Before the end of 2006, RailAmerica Inc cleared the rumors trending about Fortress Investment Group intention to buy it, and by February 2007, the transaction was over. However, it, later on, sold it through the original public offering. Aircastle Ltd, RailAmerica, Inc., and Brookdale Senior Living Inc. are some of Fortress portfolio companies that it has taken public. It featured in Birmingham Business Journal that was dated October 2014, and it confirmed that Fortress had bought Inverness Corners which was a retail center.

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