The Professional Tit-Bits of Randal Nardone
Randal Nardone is a highly experienced professional and a prominent figure in the world of investments and finance. He is currently the Co-Founder, Principal and Director at Fortress Investment Group, a leading New York-based alternative asset manager. His roles at the firm has contributed a lot of his success and when it went public in 2007, Mr. Nardone was featured in Forbes’s Magazine’s “World’s Billionaires”. With an approximate net worth of $1.8 billion, Nardone was among the top 600 billionaires in the world. Randal Nardone’s journey with Fortress Investment Group started in 1998 when he partnered with Wes Edens and another partner to start the firm as an equity firm. He has helped the asset management firm to grow from being an equity firm to going public making it the first hedge fund to go public.
Today, the firm manages approximately $43 billion worth of assets for more than 1750 investors from around the world. He also serves as a member of the board of directors of Fortress. Prior to Fortress, Randal Nardone worked as a managing director at UBS. Prior to that, he was a principal at BlackRock Financial Management. He held the position of a partner and member of the executive committee at Thacher Profffit & Wood. Armed with an undergraduate degree in science from the University of Connecticut and a J.D. from the Boston University School of Law, Randal Nardone carved out a career path in the world of finance and built a noble career.
Mr. Nardone held multiple leadership positions in various subsidiaries of Fortress Investment Group including Eurocastle Investment, FMA LLC, Impac Commercial Holdings, Florida East Coast Railway, FM Falstaff Advisors, Springleaf REIT, Newcastle Investment Holdings and Seacastle. Today, he holds the position of principal at Fortress alongside Wes Edens and Peter Briger. The prior experience Nardone came-in-handy when closing the acquisition deal by SoftBank. The Japanese multinational which is based in Tokyo acquired Fortress for $3.3 billion. According to the Fortress principals, the company has now embarked on a journey to embrace opportunities as well as challenges that comes with being a player in the world market. Wes Edens welcomed the move as he was particularly about the company becoming a private company again.