When it comes to the World’s leading investment firm, Fortress Investment Group, Randal Nardone must be mentioned as the pioneer and the man behind its continued success. He started the company alongside his two colleagues, Wesley Edens and Rob Kauffman in 1998 after a long while of working with financial institutions. Randal, who began his career path as a lawyer in Thatcher Proffitt and Wood developed an interest in financial investments while still in the firm’s legal department and immediately moved to a financial institution, Blackrock, where he was the principal. Later, he earned himself a high-profile role in the Union Bank of Switzerland where he occupied the office of the banks managing director.
Randal Nardone has a doctorate in Jurisprudence from the University of Boston law school and a bachelor of arts degree in English and a minor in biology from Connecticut University. The investment bigwig is among the wealthiest men in the world and was listed by the Forbes magazine as the 557th billionaire with a net worth of about 1.8 billion dollars. Outside of Fortress Investment Group, Randal has other distinctive responsibilities in 8 different organizations across 20 industries. In Springleaf Holdings Ltd and Spring life Reit Inc, he is the acting director. Randal Nardone is still the chairman of Euro Castle investment Ltd and Florida East Coast holdings among other various companies.
Randal’s employees consider him a team player and each of the 2500 individuals working under him can attest to the fact that he is among the best patrons to work with. Together with his team, he has managed to get recognition from various institutions commending Fortress Investment Group for maintaining high standards in the asset management industry. For instance, the HFMWeek awarded them with the best management firm of the year award while the institutional investor honored them with the Hedge Fund award.Late last year, 2017, the SoftBank Group finished the paperwork involved in acquiring Fortress Investment Group. All their common stocks were pulled down from the New York Stock Exchange, and their statements would henceforth reflect in the SBG’s financial statements. According to Randal Nardone, giving up the Fortress Investment at a time when their private equity assets were not doing so well was a calculated scheme to maintain their clients’ confidence in them. He entirely supported the idea and passionately kept working for Fortress even under SBG.