The Fortress Investment Group LLC started operating in the industry of investment management twenty years ago in 1998, established by three businessmen. Based in the city of New York, the investment management firm has more than 3 000 employees and is currently owned by the Soft Bank Group.The Fortress Investment Group was formed by Mr. Randal A. Nardone, Mr, Wesley R. Edens, and Mr. Rob Kauffman who is a managing director of UBS while the other two are operating the corporation. Mr. Randal A. Nardone became the interim Chief Executive Officer of the company, and Mr. Wesley R. Edens is serving as Principal and collaborative Chairman of the Board. Th same positions are occupied by Mr. Peter L Briger as well.The investment management firm is highly successful.In the middle of 2016, the Fortress Investment Group achieved more than $70 billion in assets that they managed. That includes private equity, alternative assets, credit funds, and liquid hedge funds. The products that the company offers include traditional asset management, railroads, hedge funds and credit funds, private equity, and so on.
The corporation of Fortress Investment Group is operating several subsidiaries such as the REITs (real estate investment trust) New Residential Investment Corp, New Senior Investment Corp, and the Newcastle Investment Corp. The corporation is also partially the new of Aircastle and is awaiting confirmation for their bid on the Weinstein Company and the New Media Investment Group.Over the years, the investment management firm has earned recognition and the attention of some big players. For 2010 and 2011, The Institutional Investor dubbed the corporation Credit Focused Fund of the Year. Then, in 2012, the Institutional Investor called it the Discretionary Macro-Focused Hedge Fund of the Year. The publication then named the company in 2014 The Hedge Fund Manager of the Year, and HFM Week dubbed it the Management Firm of the Year. Investors have also been attracted to the company.
In 2016, the Fortress Investment Group had achieved a total of $70.2 billion from its four core businesses. The vast sum of assets under the company’s management was celebrated as a milestone for the Fortress Investment Group.One year later, the Japanese conglomerate that currently owns the Fortress Investment Grup set to work to acquire the business. The SoftBank Group started in February last year, and at the end of December 2017, it finished the purchase for $3.3 billion. The founders and leaders of the Frtress Investment Group LLC are working under new contracts with a span of five years. In a handful of years, their contracts will be reevaluated again.The SoftBank Group is working in many countries across the world. The conglomerate was established in Tokyo, Japan in 1981 by its Chief Executive Officer Masayoshi Son. Up to date, the corporation is the owner of almost a dozen subsidiaries such as the Yahoo Japan, Sprint Corporation, Soft Bank Corp, Arm Holdings, Fukuoka SoftBank Hawks, Boston Dynamics and many others.Severa years ago, the conglomerate achieved a significant milestone in its line of work and became the sixth largest company in telephone operating.