The Success of Fortress Investment Group

Fortress Investment Group

Founding

Fortress Investment Group was established in 1998. The firm was founded by three individuals who are described to be among the greatest brains in the financial industry. Randal Nardone together with Wes Edens and Robert Kauffman were behind the establishment of Fortress. The three individuals are notable in the finance industry having worked with notable firms such as BlackRock Financial Management, UBS, Goldman Sachs, and Lehman Brothers where they held prominent positions.As they were founding the firm, the trial had an ambition of creating a new type of an alternative asset investment firm. When they began operations, they had $400 million of assets under their management.

Five years after the establishment, the firm had managed to obtain $3.9 billion of assets under their management. In 2007 Initial Public Offering, Fortress Investment Group decided to go public. It became the first most prominent alternative asset investment firm to go public in the New York Stock Exchange Market. In this manner, the firm had attracted numerous firms and private investors. Thus, the firm was managing $32.9 billion of assets.In 1999, the investment group launched its first alternative asset strategy vehicle referred as Fortress Investment Fund I. By 2006; the investment vehicle had expanded and produced Fortress Investment Fund I with versions II, III, and IV. Randal Nardone and Wes Edens still play a significant role in the management of the firm while Robert Kauffman retired 15 years ago.

Leadership

Fortress Investment Group is under the best management. The firm is managed by individuals who understand the firm better. For instance, Randal Nardone has been in the financial sector for more than three decades which makes him an expert in the industry. Fortress Investment is managed by three Principals. Randal Nardone currently serves as the Chief Executive Officer of the firm since 2013 and is based in New York. Wes Eden plays an active role as a managing partner. Finally, Peter Briger us a managing principal based in San Francisco.

Acquisition by Softbank

Fortress Investment Group was recently acquired by Softbank at a price of $3.3 billion. Softbank is a Japanese investment firm that manages a wide range of portfolio. Despite the acquisition, Fortress will still operate independently and will retain the three principals in the management. The employees of Fortress Investment stated that the acquisition by Softbank is an opportunity for growth.

Fortress Investment Group

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.

NetPicks Explains How To Do Forex Trading

Forex trading involves making bets on whether one fiat currency will rise or fall against another fiat currency. Nowadays everyone that engages in forex trading, or currency trading, does so online. NetPicks was one of the first companies in the industry to start offering their services online. They educate people on how to properly engage in forex trading and also provide a live signal service which helps traders know when to buy or sell out of a position.

Most traders do currency pair trading. One of the primary reasons for this is that there is a lot of liquidity in the marketplace for doing so. On a typical day about $5.2 trillion is used on trades according to the team at NetPicks, read (Facebook.com). They also say that all six of the most popular currency pairs include the US dollar. It is matched most commonly against the Japanese Yen, the Euro, The Canadian dollar, the British pound sterling, and the Australian dollar. Many people do match the euro against the yen as well, though.

Some people do leveraged trading. They use a margin account which some brokers offer. This can enable someone to use $1,000 of their own funds to trades worth $100,000. The danger here, of course, is that leveraged traders do have to pay the money back to brokers that they used in their margin accounts.

The team at NetPicks says that before trading currencies a trader should determine all of the risk factors involved. They then buy their base currency on a bet of whether it will increase in value against the quote currency. Or, they sell a quote currency if they think it will drop in value against the base currency. All of this takes place in real time and can be conducted at any time of the day as there is always a forex market open somewhere, get more info on dailyforex.com .

One of the most important things NetPicks says is that traders remove emotion from the equation. Netpicks say the money that is being used should never be money that is earmarked for things like a mortgage or groceries, for example. They say newcomers should stick to small amounts to trade such as $100.

OSI International Foods Australia Merges With Turi Foods

The Asia Pacific subsidiary of leading packaged food producer OSI Group has successfully completed a merger with food products supplier Turi Foods. Victoria-based Turi Foods supplies foodstuff organizations and businesses in the retail, hospitality and food service industries, including supermarkets, abattoirs and poultry retailers. The supplier owns a wide range of facilities across the states of Victoria, Queensland and New South Wales, all of which will continue being fully operational.

OSI International Foods (Australia) is a subsidiary of Illinois-based food packaging and processing company OSI Group which serves the Asia Pacific region and offers meat, fish, baked, fruit, vegetable, and frozen food products to its clients. The merger will lead to a consolidation of both companies’ Australia-based facilities; the new entity will carry out business operations under the name Turosi Pty Ltd.

In a statement announcing the merger, Sam Cuteri, who chairs the Turi Foods board, highlighted the similarities between the two companies before stating a belief that “a shared ownership will enable the organization…to share their expertise to build a world-class food solutions group.”

President and COO of parent company OSI Group, David G. McDonald, in a statement, also expressed excitement at the new merger, touting the new consolidate company’s potential to provide innovative solutions to clients’ and customers’ needs.

This news comes in the aftermath of extensive expansion by OSI into Asian Pacific and European markets, with facilities and initiatives either being acquired or launched by the company in China, Poland, the Netherlands, the United Kingdom, Germany over the past five years. OSI made its first entry into the Australian market in 1996 through a joint venture.

OSI Group began in 1909 as a meat market owned and operated by German immigrant Otto Kolschowsky. In 1917, Kolschowsky expanded the business’ operations to include wholesale meat supply, and in 1955 his company, operating as Otto & Sons, would become one of an emergent McDonald’s first four ground beef supplier. In 1973, the company’s operations will be further expanded with the opening of its first high-volume meat plant, two years before changing re-branding itself as OSI Group.

 

Lawyer Randal Nardone’s career journey and his role in Fortress Investment Group.

Randal Nardone is the CEO, director and founder of Fortress Investment Group. He has a rich educational background from prestigious institutions. He joined the University of Connecticut and attained his degree in Bachelor of Arts in Biology and English.He also attended Boston University School of Law where he graduated with a Doctor of Jurisprudence. He is a renowned lawyer and a specialist in finance. He began at Thacher Proffitt and Wood law firm as a member of the executive committee.Randal Nardone has been the chief executive officer and managing director of UBS. He has also worked at BlackRock as a partner. After gaining sufficient skills and expertise in the business industry, Randal Nardone joined hands with Wes Edens and Robert Kauffman to found the Fortress Investment Group.The private equity firm was established in the year 1998 with an initial investment of $400 million in equity.

The firm was founded as an alternative asset management company.In the year 2011, he was appointed the interim chief executive officer following Daniel Mudd’s voluntary resignation.He had also been named to the board of directors of FIG, a position he has served since the year 2006. He is recognized for establishing the Fortress Investment Fund and serving as its chief operating officer.He has been critical in Fortress Investment Group’s immense growth. He has steered the firm to a global corporation that controls over $70 billion in assets with a highly skilled and talented workforce of over 1800 employees.The assets are distributed in liquid hedge funds, private equity funds, and credit funds.

In 2014, the firm won the Hedge Fund Manager of the Year under his leadership. HFMWeek has also awarded the company the Management Firm of the Year.It was recognized and credited by Institutional Investor as the Macro Hedge Fund firm of the year in 2012. Randal Nardone’s hard work and dedication makes him one of the most accomplished businessmen of this century.According to the Forbes Billionaire list, his net-worth stands at a staggering $1.8 billion. He is ranked at the 557 position in the billionaire list. He has also earned over $100,000,000 in cash dividends.In the year 2018, Randal Nardone confirmed the sale of his primary business, Fortress Investment Group. The firm was sold at $3.3 billion in cash to Japan’s SoftBank Corporation. In part of the deal, however, the firm retained its headquarters in New York City.

Heather Russell Joins TransUnion

Heather Russell was recently hired as the Executive Vice President and Chief Legal Officer of TransUnion. She started her role on June 4, 2018. TransUnion is a consumer credit reporting agency. It helps consumers manage credit, personal identity, and personal information. It also helps businesses to better manage risk. She is experienced in legal matters as well as financial technology. His expertise will come handy in supporting the operations of TransUnion. She boasts of over two decades working experience with various high profile business and legal bodies. She is, therefore, a great addition to the credit agency at a time when there is great attention to the business activities in their area of expertise.

Some of the fields she has worked in include mergers and acquisitions, corporate governance, financial technology, data security and customer service. Her role at TransUnion will involve legal and financial operations of the firm in order to facilitate growth at TransUnion. She will also facilitate risk management, compliance with regulations, and improve customer service. She is experienced in licensing and chartering financial institution regulations.

Heather Russell was previously working with Buckley Sanders where she was in charge of a program known as FIRST (Financial Institutions Regulation, Supervision, and Technology). Through this program, she handled matters of financial technology and legal integration. This framework is helping various organizations realize the necessary growth.

According to globenewswire.com, She has previously worked with banking institutions such as Bank of New York Mellon, Bank of America and Fifth Third Bancorp- the 12th largest bank in the United States. She has also been to Skadden law firm. She is also a professor of financial technology at the Boston University School of Law. She has been part of various mergers and acquisitions such as Country Wide, Merrill Lynch and LaSalle Bank which were acquired by the Bank of America.

More: https://www.crunchbase.com/person/heather-russell

How IoT could shape customer expectations – Jason Hope

In the recent times, almost all the airlines have understood that customers have begun to have a certain level of expectations with them in terms of their overall experience. And many feel that their expectations are not being met by the airlines. Currently, there are many instances where customers go through quite a bit of hurdle even for simpler tasks and hence get paranoid and irritated by the idea of travel. And Jason Hope the mobile technology entrepreneur says that, with huge competition in an almost saturated airline industry, this is certainly not a good news to the airlines, some of whom are reporting consecutive losses. Jason Hope believes that the airlines are using the Internet of Things in strategic decisions to make sure that the customers’ expectations are being met.

If you are trying to measure how far this technology could take us, the simple answer to this is that the possibilities are endless and the sky is the limit. Since more and number of people are becoming technology-friendly, thanks to the smartphone era, integrating technical advancements into their business operations is only going to make their customers happy. According to Jason Hope, some of the ways the airlines could benefit from this is by checking the areas where refueling could be inexpensive, real-time tracking of fuel and the amount being spent on it. They could also use the technology to properly manage flight paths.

Even though any of these could seem quite meager for major airline corporations, slightest of positive modifications are likely to profit them in millions. Jason Hope says that it is also going to increase their customer satisfaction ratings drastically. As simple and profitable as it sounds, it would not be easy for the airlines to implement this and they might have to overcome hurdles along the way. But with a proper sense of dedication and smart implementation, they could go a long way in optimizing business operations.

One of the major challenges that airlines might face is the integration with their existing platforms for their flight operations. While some of them still use their legacy systemsmaking an immediate shift would not be that easy. Integration is an issue that has existed for a long time in the airline space. This might mean they might have to use manhours or even hire skilled professionals to do the job. But with proper planning and scope, it could be extremely fruitful to them.

Jason Hope’s Facebook Page: www.facebook.com/public/Jason-Hope

Ara Chackerian, the Prolific Businessman

Ara Chackerian is a wealthy entrepreneur, investor and humanitarian with a big heart who has undertaken various public-spirit pursuits. He is an educated gentleman who has a Bachelor of Science degree in marketing from the Florida state university. He is an established member of the state who has some companies in the country. He is significantly involved in healthcare and does work that strives for the incorporation of technology into the healthcare system.

 

Mr. Ara Chackerian is a go-getter as can be evidenced from his work as the managing partner of ASC capital holdings, a company involved with the investment and perpetuation of funds to early stage healthcare companies. Additionally, he is the co-founder and board member of TMS health solutions, an institution that provides medicine for magnetic invigoration for victims suffering from depression that is resistant. For more details visit LinkedIn.

 

In his earlier years of life, Mr. Ara Chackerian invested most of his time in the building and development of startup companies with a close relation to healthcare systems. He is responsible for the creation of companies like BMC diagnostic, Pipeline Rx, and Ebion Links. He shares a deep love for the environment as can be seen by his involvement in Limonapa’s environmental conservation where he has a teak plantation that is undergoing reforestation in Nicaragua. Check out californiablog.org

 

 

Mr. Ara Chackerian is a person who is kind, his various acts of compassion show the type of person that he is. He has funded some youth projects for nonprofit organizations such as Juma Ventures and Nor Luyce. Additionally, he is a visionary type of person; this can be shown by his various efforts to engage in activities that perpetrate vision and strategy which he says are the reason he goes through his days. Furthermore, he is a humble guy, despite having a lot of money he openly has conversations with his employees without bias alluding to a job position. He says that his generosity mostly comes from the fact that he acknowledges that it is not by his power that he is where he is, rather fate would have it that he gets to where he currently is. You can visit their website arachackerian.com

 

 

Modest Leaders: Focusing on Louis Chenevert’s Leadership

Chenevert, a successful businessman, based in Canada, is a former CEO and Chairman of United Technologies Corporation. Being born in the year 1958 at a place called Montreal, Quebec, his childhood was relatively normal, but his interest in business was seen in his teenage years. He was a self-driven person and believed that hard work is the only key to success. He, therefore, joined the Business School of Montreal University to major in production management.

After graduation, he quickly landed a job with a company called General Motors, where he showed his prowess and became promoted to a production manager within a short time. He would later work in this organization for fourteen years. In 1993, Louis Chenevert decided to transition his career and joined an aerospace industry called Pratt and Whitney Canada. This company mainly deals with the manufacture of aircraft in Canada. The company is, however, a branch of Pratt and Whitney Company based in the US. Interestingly, P and W is a business model that is contained within UTC which makes larger aircraft engines

During his time in PWC, Chenevert was able to cut all the manufacturing costs by ten percent within one year. He used his knowledge in assembly lines and helped cut down the time it took to construct engines from two years to nine months.

In 1996, Louis left PWC and joined P and W as he was selected to replace the executive vice president in charge of operations who was retiring. After three years, he became the president of P and W in 1999. When he took over this company, it was going through tough economic times, but due to his dedication to exploring new technology and efficiency, the company started becoming profitable again. The company has more than 33,000 employees and makes a profit of over 1 billion dollars each year.

Since Pratt and Whitney is a unit of UTC, the multinational corporation came to seek the services of Mr. Chenevert. He guided UTC through many investments such as GTF engines, and in 2008, he became the CEO of this company. Under his leadership, the corporation sailed through the harsh economic downturn, increasing its stock from 37-117 dollars a share. He also landed a 240M dollar contract with the US Navy and acquired Goodrich Corporation for UTC.

http://www.courant.com/business/hc-goldman-sachs-louis-chenevert-20150909-story.html

Dr. Saad Saad – Professional career

Dr. Saad Saad is one of the people who has made a significant contribution to the medical industry. Dr. Saad is a retired medical practitioner in the United States. He is one of the people who has made a significant contribution in revolutionizing method of treatment in recent decades. Dr. Saad Saad is a pediatric surgeon who spent his career in the medical industry performing hundreds of operation. He loved his job, and his interest in the industry was always to give his clients the best treatment that would take away suffering. In giving medical attention, he loved to do it is such a way that patients would be safe even after the operation.

 

Dr. Saad Saad had the willingness to give back to the community. He engaged in various medical mission in the United States and the Middle East. His focus was mainly assisting the poor people. He wanted to ensure that the poor people who were within his reach were given the necessary medical attention. Some of the medical missions he participated in were in West Bank and Jerusalem. Here, he would participate in free pediatric surgical operation for children and young adults with complex illnesses. Dr. Saad Saad ensured that his career had an impact on other people.

 

Dr. Saad was a certified pediatric surgeon. After graduating from the University of Cairo as the second best student in his class, he moved to England where he had an opportunity to participate in an internship. After the internship, he moved to the United States where he started his practice as a pediatric surgeon in New Jersey. Learn more: https://chronicleweek.com/2018/04/dr-saad-saad-medical-missions/

 

Dr. Saad Saad also had an opportunity of serving clients in Riyadh. He had been hired by the Saudi Royal to be the private pediatric surgeon at the King Faisal Hospital. This hospital was the best in the region. It would be used by the wealthy and the royal families from the Middle East. Saad served in this area for four and half years. In this period, he made a big impact in the medical industry in the region. He was behind a partnership between Saudi Arabia and the Royal College of Surgeons in England who would offer training to medical doctors in Saudi Arabia. Students from the Middle East no longer needed to move to foreign countries to get an education.

 

Dr. Saad Saad gained prominence as a pediatric surgeon after the assignment in the Middle East. Normally, the royal families pick the best of the best, and the fact that he was trusted by the Royals to offer services in the region proved that he was indeed the man for the job. After his tenure in the Middle East, he went back to New Jersey where he offered medical services until his retirement.