The New Business Relationship between Fortress Group and SoftBank
Recently, Fortress Investment Group sold its shares to Softbank Group. The management of the organization received a bid in the region of $3.3 billion, which was way above the market value. By accepting an acquisition bid, Fortress Investment Group is helping its customers to make critical decisions when opportunities arise. Despite the company being acquired, it will continue serving independently and be bearing its original name. The funds received will help in serving the customers better and accomplish other goals that required financial support. Finally, to achieve its multinational status and reputation it has right now, the company hired professionals and staff members who had previous experience in finance and investment.
Randal Nardone, Wes Edens, and Peter Briger are some of the high ranking employees at Fortress Investment Group, who have played primary roles in the development and success of the asset manager. Peter Briger is a person with high reputation in debt management and investing in alternative assets. He is the one who implemented the process of buying undervalued assets at discounted rates and later selling them at higher profits. The steps taken by Fortress should be a clear demonstration that a visionary entity should develop a clear path to achieve its vision. One of the strongholds that Fortress Investment Group boasts of is possession of great leaders, among them, being one of the principals, Randal Nardone.
In his career, Randal Nardone was able to implement things that would be of value to every facet of Fortress, and also aiding people and companies from all over the country by offering his advice on financial issues, thereby helping them in an incredible amount. However, Randal Nordone seems to be very good in the field of finance, and he had also earned an undergraduate and master degree in the field of law. He was more interested in knowing how the financial field can be interlinked with the legal sector that led him to switch field and start to work in the financial industry. As we speak, Fortress Investment Group is managing a wealth of over $63 billion on behalf of its valued clients who are always happy to receive impressive investment returns from their investment manager.