Discover How Wes Edens Came Up With the Fortress Investment Group
Most people may say it’s easier to invest for a long or short-term. However, the tune changes when time to invest billions of dollars comes. A lot of risks are involved when investing such a huge amount of money. Remember you need to have a good future projection to avoid money loss. However, Edens tells the investors all this is possible with a willing heart and visionary mind. Most of the companies providing investment management services have skilled analytical teams working for them. The teams ensure research is properly done with the market movements accurately predicted. Wes says if you can’t predict the direction of the market, you can’t be immune to loss. This means you would lose a lot of money in a way you could have avoided.
Most investment managers ensure they first understand the market movement to secure their client’s money. It’s a hard task when dealing with hundreds of millions, but it has to be done. Wes Edens asserts the equity markets are unpredictable, especially if you don’t have the required skills. Besides diversifying your investments, you should also have an investment expert to monitor what you invest. It’s the easiest way to ensure you achieve your investment objectives and financial security with ease. Having been in the Fortress Investment Group for a long time, Wes says the group is among the most successful investment firms America has today. The New York-based group was launched in 1998 with its head office still in that city.
Wes Edens, Oregon State University graduate, happens to be the group’s founder. He studies Business Administration combined with Finance in this university. After he got his degree, Lehman Brothers gave him his first job as a partner. He later became the Managing Director of this company. As life moved on, Edens felt the urge to join a start-up that came by the name Black Rock. Within a few years, he had made it successful and expansive.As a passionate entrepreneur, Wes Edens could not have worked in that company any longer even if he had made it successful. He knew time had come for him to start his own investment company. This is how he came up with the Fortress Investment Group. Wes knew he had acquired the necessary knowledge and skills to make his own wealth grow. After a few years, Wes had caused Fortress Group to grow by about 40 percent. His exceptional management system allowed the employees to communicate openly through a flat organization structure.
Fortress Investment Group, founded as a private equity firm in 1998, is one of the leading, most highly diversified global investment managers today. They pride themselves on generating strong risk adjusted returns over a long term course for their investors. Fortress Investment Group currently works on behalf of over 1,750 institutional clients and private investors worldwide. As of December of 2017, the company employed 953 asset management employees which included 216 investment professionals. Headquartered in New York, Fortress Investment Group has affiliated offices located around the globe. Fortress has a deep knowledge in regards to the industries in which they invest.
Their experience with corporate mergers and acquisitions allows them to work alongside the board of directors, management and stakeholders to assist in determining the optimal structuring and execution of the investment.In December of 2017, Softbank announced the completion of their acquisition of Fortress Investment Group to the tune of $3.3 billion in cash. Fortress will continue to operate within Softbank as an independent business headquartered out of New York.Softbank believes gaining the financial expertise from Fortress Investment Group could theoretically boost their massive $100 billion technology investment fund and states that this deal will assist the Japanese company expand its capabilities and accelerate their transformation strategy of bold, disciplined, investment with world class execution to substain long term growth.
Fortress will continue to be lead by its leaders, Pete Briger, Wes Edens, and Randy Nardone, who hold over 20 years combined experience.In May of 2018 ,Fortress Investment Group purchased a SuperValu distribution center located in Pompano Beach, Florida as part of a $483 million national portfolio deal.The 769,000 square foot facility was purchased for $66.4 million and records show the deal was financed by Royal Bank of Canada and carried a mortgage of $68.41 million.
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