Fortress Investment Group
Fortress Investment Group was founded by Wes Edens and is based in New York. The company was started in 1998. It is a leading investment group that manages about $36 billion in assets. It is considered by many to be a good example for new investment companies hoping to succeed in the industry. The company manages assets of more than 1700 institutional investors, businesses, clients, and real estate. Fortress is keen on improving investment performance and aims to produce tough risk returns for everyone who invests with them. The vision of the company is to generate good returns for all investors, regardless of the amount saved. By doing this, it hopes to create income opportunities and grow businesses. Over the years, the company has received several applications from potential investors and people inquiring about investment opportunities.
This has increased trust in Fortress Investment Group and others are in the process of making an investment with the company.It deals with credit funds, traditional assets, hedge funds, and private equity. It grew quickly and captured the attention of many in the investment sector. It launched on the New York Stock Exchange in 2007 and was the first private firm in America to be traded publicly. People were worried that it would flop, but everything was fine. It was recognized by Institutional Investor as being Hedge Fund Manager of the Year. The company has also been appreciated by other firms and personalities for good management and improving investment opportunities. Fortress has reached where it is today because of a strong leadership. The team is committed to excellence, led by Wes Edens, and Peter Biger.
The two have wide experience in assets management and have done a good job in developing the company.Fortress Investment Group is diverse, something that sets it apart in the field. In 2017, SoftBank bought the investment company after several years of operation. Fortress principals agreed to sell the company to SoftBank so that it can become private. Having a parent company allowed the investment and lending company to diversify its operations. After the sale, Fortress became a publicly traded company a U.S private equity group has ever delisted. It was a rare opportunity for the company to diversify its services. Stock prices became volatile and Fortress was finding it difficult to cope. Wes Edens said that he was pleased with the decision to sell to SoftBank. He views it as a chance to do things differently.