One of the trios that spearheaded the inception of Fortress Investment Group, Randal Nardone is a great force when it comes to matters relating to managing investments. Currently, he serves as the Director and Principal of Fortress Investment Group. Randal started laying the foundations for his career at the University of Connecticut from where he earned a Bachelor’s degree in English and Biology. He also holds a Juris Doctor from Boston University’s School of Law.
Mr. Nardone’s career began at a law firm known as Thacher Proffitt & Wood. After working there for a while, he became an executive member and a partner. After working in the law industry, Randal turned to the corporate world and joined Blackrock Financial Management. He worked there until 1997 where he left and joined UBS. It was in 1998 that he, Wesley Edens and Rob Kauffman came together to form Fortress Investment Group. Randal Nardone is now the firm’s Chief Executive Officer, Director, and Principal.
Randal Nardone has played a key role in facilitating the growth and expansion of Fortress Investment Group ever since its inception 20 years ago. Randal and his team have made numerous moves to ensure the company gets to the next level each day. One such move was the merging agreement SoftBank Group Corporation and Fortress Investment Group entered in 2017. SoftBank is a holding company headquartered in Tokyo, Japan.
The firm specializes in telecommunications, internet services and other aspects in the technology world. In essence, SoftBank acquired Fortress for $3.3 billion.Fortress Investment Group is a leading firm in the investment management industry. The company was started in 1998 by Randal Nardone, Wesley Edens, and Rob Kauffman.
Fortress specializes in managing credit funds, traditional assets, hedge funds, railroads, and private equity. In 2007, it made huge steps in the industry, by being the first large private equity company in the United States of America to be traded publicly. The company also operates through its numerous subsidiaries. Railroad Acquisition Holdings, New Media Investment Group, and Nationstar Mortgage are some of these subsidiaries. By June 2016, Fortress Investment Group had managed over $70 billion worth of assets in credit funds, private equity, and even liquid hedge funds.
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