Investment management and the entire financial field continue to enjoy the presence of the legendary and successful investment leader Fortress Investment Group Company. Without the contribution of this firm, there could be some aspects missing in credit funds, equities and assets in the world of investment. The company was founded in 1998 by Wesley R Edens, Randal Nardone, and Rob Kauffman as a private equity firm. It has grown to have over 1,600 institutional clients and even offices in Los Angeles, Singapore, New York, Hongkong, Italy, and Philadelphia. Fortress Investment Group has gone through various storms in the market but has not halted its pursuit of achieving its vision and goals. In 2007 the firm was traded on NYSE publicly and started facing the real issues faced by other publicly owned firms. With its commitment, by 2016 it had asset revenue of around $70.2 billion which by 2018 is even higher. The company had made an acquisition in 2010 of CWCapital which was meant to enhance their commercial Real Estate market; however, it sold it in 2015 for approximately $5.3 billion.
Currently, Fortress Investment Group has some holdings like Alabama’s Inverness Corners retail center which was bought in 2014. Fortress Investment Group happens to be the leading diversified global investment company which is offering its clients great and effective services. Recently, SoftBank Group Corp (SBG) made a step of acquiring Fortress Investment Group for around $3.3 billion in form of cash nevertheless Fortress continues to operate independently. SBG, however, owns the outstanding shares of Fortress shares which are as a result of a comprehensive agreement of Fortress shareholders and receipt of regulatory approvals required. From the merger, Fortress Investment Group’s common stock stopped trading and consequently delisted in the New York Stock Exchange (NYSE). That means that its financial results are to be consolidated and start reflecting on the financial statements of SBG. This merger does not affect the leadership of Fortress thus the founders will continue heading the firm. SoftBank will adopt the guiding principles that have seen Fortress through the years.
Some of these underlying cultures to be adopted by SBG include personnel, business model, brand, processes and routine culture.The Unassailable Fortress Investment Group continues to offer its services throughout its branches ranging from credit services, real estate, railroads, hedge funds and private equities investment to permanent capital investment. Some of the Subsidiaries of Fortress Investment Group include Intrawest, National star Mortgage, New Media Investment Group, Railroad Acquisition Holdings, and Brookdale Senior Living etc. The Group has received various Awards as a result of its excellent performance. Some of them include Hedge Fund Manager of the Year in 2014 by Institutional Investor, Management Firm of the Year 2014 by HFMWeek, Discretionary Macro-Focused Hedge Fund of the Year in 2012, Credit Focused Fund of the Year in 2010 and 2011 all by Institutional Investor. The Board of Directors of Fortress Investment Group includes people like Wesley and Peter, Co-Chairmen of the firm, Randal, David, Douglas, Michael, and George. These are the people who lay down strategies that have kept Fortress in motion.