Fortress Investment Group: Becoming a Leading Investment Firm

Investment firms share the largest growth in the United States’s business sector. These companies can experience tremendous growth in a short period, and because of its ability, many investors have been investing their money in investment firms to ensure that it would increase in value. One of the most successful investment firms in the United States today is the Fortress Investment Group, which is headquartered in New York City. The investment firm was founded by Randal Nardone, Rob Kauffman, and Wesley Edens in 1998, and just like other business people and entrepreneurs who ventured into the world of business, they believed that setting up an investment firm would yield them the highest amount of revenue in the shortest time possible. The men behind the Fortress Investment Group worked hard for their company to be known all throughout the United States, and in 2009, the company started to be traded publicly, via the New York Stock Exchange.

Its debut at the NYSE was recognized by some business experts as a milestone for the company, is the largest private equity firm in the United States that can be publicly traded,The Fortress Investment Group is known for managing a lot of assets and investment. Currently, the total amount of assets that they are handling is valued at $70 billion, and this figure keeps on increasing annually. These assets come from a variety of investment options, including credit funds, hedge funds, and even private equities. Since the establishment of the Fortress Investment Group in 1998, many changes have occurred within the company, but its goal remains the same. Randal Nardone, Rob Kauffman, and Wesley Edens wanted to make their investment firm as one of the most reliable in the United States. They are doing every measure that would allow them to expand further, increasing the number of their investors as well as the assets that they hold.Randal Nardone, Rob Kauffman, and Wesley Edens were former managing directors at the Blackrock Financial Management.

The idea of creating the Fortress Investment Group came in after they realized that it is not that difficult to start an investment firm. They gather all of their knowledge and proceeded in creating the firm that they have always dreamed of. In the beginning, the group had some difficulties in managing their company, but they eventually found ways on how to deal with the challenges that they faced in operating their investment firm. One of the most serious problems that the Fortress Investment Group encountered was the economic recessions which hit the United States in the years from 2008 to 2009. The Fortress Investment Group managed to get through the recession, but it left a lasting mark on their performance within the business. To cope with their losses during the recession, the Fortress Investment Group decided to invest in the 2010 Vancouver Olympics and partnered with the Millennium Development Group to fund the Olympic village. However, the latter soon became bankrupt, and the government of Vancouver had to step up to continue their plans of building the Olympic city. The Fortress Investment Group continued working with the government of Vancouver to finish their building plans.

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