The Fortress Investment Group was established in 1998 by Randal Nardone, Wes Edens, and Rob Kauffman, who is currently the retired principal. All the founder members are experienced financial enthusiasts who were working together at the Lehman Brothers. They have been active in the finance industry for quite a long time, which gave them determination and skills about what it takes to establish and run a financial firm.
The founder members aimed to develop a distinctive financial firm that offers exceptional financial services compared to what is currently existing in the industry. They created a strategy of raising the firm through private equity to the cutting-edge vehicles. This idea worked after the firm was established and its head offices set in the New York.
During the first five years that the company has been in operation, the firm grew its assets from $400 million to over $3.9 billion. This was an exceptional beginning since it was a clear indication of a bright future. By the year 2007, the Fortress Investment Group had attained assets worth $32.9 billion. This was when the company was traded publicly on the New York Stock Exchange.
Later, the Fortress Investment Group ventured into the real estate industry, investing in the New York, where the principal offices are located. The firm went ahead and made an investment in the hedge fund and debt securities. This increased its outreach to more investors from different parts of the world. The firm continues to open more subsidiaries to accommodate more people across the Globe.
Wes Edens and Randal Nardone are still operating at the helm of the company management. They are responsible for overseeing the development strides made by the company and all other company operations. They have continued serving the company after Rob Kauffman retired back in 2012. With the excellent reputation, Fortress Investment Group is currently considered a pacesetter in the finance industry.
About Fortress Investment Group: careers.fortress.com/