Fortress Investment Group is a large institution that is doing well in the international market. The institution is led by Randal Nardone. His leadership skills have played an important role towards the success of the institution. The institution has been in business for almost two decades. Randal Nardone has been the institution’s principle from 1998. In August 2013, he became the Chief Executive Officer of Fortress Investment Group LLC. Fortress Investment Group is an investment management firm responsible for directing assets worth over $43 billion for more than 1,750 investors in hedge funds, private equity, vehicles, and permanent capital. The institution utilizes the strong risk-adjustment returns strategy when dealing with their investors. New York is the Fortress Investment Group headquarters with over 900 employees. The institution also specializes in operations management, corporate acquisitions and mergers, and capital markets.
Randal Nardone is also a director for Alea Group Holdings Limited, Springleaf Finance Inc, and Brookdale Senior Living Inc. His education background has also played a significant role in his leadership roles. He acquired a J.D from Boston University School of Law. He also received a B.A from the University of Connecticut. Randal Nardone worked as a member of executive committee of Thatcher, Profitt, and Wood law firm. The experience he gained while working as an executive committee member set his tone for his future role in his current positions. He has also worked as a principal at BlackRock Financial Management. He later became the managing director at UBS.
SoftBank intention of purchasing the Fortress Investment Group was because SoftBank admired the institution’s tactics of leadership. Therefore, Randal Nardone will not be pushed aside since they intended to use the already existing management. Mr. Nardone further stated that he intends to retain his position in the institution. His success in business has placed him at number 557 ranked billionaire with a net worth of $1.8 billion. A Force of Innovation: Two Decades of Fortress Investment Group