Fortress Investment Group is one of the most significant alternative asset and investment managers in the world. The company was founded in the year 1998 by three of the well-known dignitaries from the world of finance in the United States, Rob Kauffmann, Wesley Edens, and Randal Nardone. The trio manages to pull Fortress Investment Group into becoming one of the largest private equity firms in the country, and the first one to get listed publicly in the stock market.Having started small, the Fortress Investment Group is amongst the most significant alternative assets managers in the world with headquarters in New York. It has branches in many different parts of the globe to stay close to the commercial hubs and institutional clients and affluent individuals. As of now, Fortress investment Group manages assets around $50 billion, a figure that has constantly been increasing in the past few years. Currently, the company is handling the asset portfolio for its more than 1,800 clients, collectively amounting to more than $50 billion.
The specialty of Fortress Investment Group for what it is primarily known for is its focus and expertise in discovering and identifying alternative asset class that is growth oriented.With the aim to provide its clients with investment options that would correctly align with the clients’ financial objectives, minimize risk, and help with consecutive and long-term goals, Fortress Investment Group has risen to become one of the most trusted investment managers in the world. The company has won several awards and recognition in the past few years, including being named the Hedge Fund Manager of the Year by the famous magazine, Institutional Investor. In the year 2010 and 2011, Institutional Investor also called Fortress Investment Group as the Credit-Focused Fund of the Year. The investment strategies of Fortress Investment Group are straightforward, focused, and with minimum risk. The financial strategy adopted by the company has been providing consistent results since the launch and has become the reason why more and more companies and high net-worth individuals are entrusting Fortress Investment Group to manage their asset.
The company was recently sold to Softbank Group Corp for $3.3 billion, but Fortress Investment Group continues to function independently. As per the announcement that came from both the companies after the acquisition, all the due diligence procedures have been completed. The shares of Fortress Investment Group are transferred in entirety to Softbank Group Corp. Achieving high returns from investments in the current state of the financial and equity markets is very tough. However, Fortress Investment Group has not disappointed its clients by ensuring they continue to get consistent returns. Fortress Investment Group spends millions on research to help find direct access news from different industries, which is what makes the company one of the tops in the industry as of now. Fortress Investment Group also handles operation management for its clients and provides services corporate mergers and acquisitions as well. The company has the extensive spectrum of industry knowledge that it uses to provide clientele with information and knowledge they need to make sound financial decisions.
Source of the article : https://www.nasdaq.com/quotes/institutional-portfolio/fortress-investment-group-llc-725821