Randal Nardone’s Bet of Investing In Undervalued Assets Propelled Fortress Group to Greater Heights

Fortress Investment Group is one of the most prominent firms in the asset management industry. The firm, which was established in 1998, has significantly expanded and has assets in various parts of the country, some of which are in suburb cities such as New York City and Washington DC among others, and other parts of the world. Fortress Group has properties in European countries and the Caribbean making it one of the companies with a broad asset base in the wealth managing sector. However, the entity could not have reached at such levels without the assistance and guidance of Randal Nardone, who is one of the co-founders.

Randal Nardone has been spearheading policy formulation and implementation at Fortress Group for more extended periods. One of the most significant policies that turned the fortunes of the company to become a world leader is investing in undervalued assets that have the potential for growth. This included by infrastructure projects and other assets that were deemed by their owners as of low value. Fortress Investment Group bought rail infrastructures that had stalled for many years. The firm would later accumulate many benefits after the government expressed interests in reviving the old rail lines to ease on transportation of goods and people.

During the 2008 financial market crisis that led to the collapse of many organizations around the world, especially in the United States, Randal Nardone proposed a policy of buying assets from the collapsing companies which were being offered at discounted rates. The company used its speculative funds to purchase as many assets that financial organizations were selling to support their activities during the financial crisis. It is worth highlighting that the firm was not affected by the market crash because it had incorporated a diversification strategy in its operations.

After the economy stabilized and the value of the dollar about other currencies around the world stabilized, Randal Nardone and the company founders sold the properties that they had bought during the financial crisis. The firm gained many resources through profits from the sale of features, which were acquired at discounted rates. Fortress Investment Group was selling some of the properties to rates even beyond 200% of the buying price hence earning abnormal profits. Click here