Finding a financial institution that invests in troubled and underestimated assets and physical and insubstantial assets such as real estate and natural resources as well as capital assets is a rare thing. Additionally, finding a reliable firm that invests in currency, equity, global commodity markets, and fixed income is not an easy task. Either way, one can find all these services at Fortress Investment Group which makes it unique and preferable in a competitive market. With this company, investors are assured of alternative investments if one does not work as initially expected. The investment group was founded in 1998 and has proliferated over the years and has as well improved its services to the clients to fit the fast-growing market. Four principals founded the Fortress Investment Group with one retired while the other three still serve actively namely Wes Edens, Randal Nardone, and Peter Briger. All of these executives had a rich past in the finance sector and therefore brought the required ingredients to steer the company in the right direction.
Fortress Investment Group has developed over the years to the extent of purchasing other companies considering that it acquires firms that are distressed and help them get back on their feet. Some of the companies that have been purchased so far include Florida East Coast Industries, RailAmerica, Intrawest and Penn National Gaming that operates casinos and venues for horse racing. As long as a business can be salvaged and is capable of bringing returns, the Fortress Investment Group does not get limited by the field of business involved. The company as well became a pacesetter for other investments institutions after it became the first private equity firm to go public on the New York Stock Exchange. With that initial public offering, the company became popular which increased its assets and clientele as well.
Currently, Fortress Investment Group manages more than $43 billion of assets for over 1,750 investors in hedge funds and private equity. Additionally, it has offered more than 900 people jobs in the firm who are all well trained considering that they work in a crucial field that requires professionals that have specific experience and expertise. In that case, the Fortress Group is keen on offering its clients the best services an aspect that has made it remain relevant in a competitive market. One of the most significant achievements of the firm is the acquisition by SoftBank a deal that was worthwhile as the principals retained their jobs and still benefitted from the purchase.