Fortress Investment Group, a 72 Billion Dollar Assets Management Firm

Fortress Investment Group, a 72 Billion Dollar Assets Management Firm

Fortress Investment Group was founded back in 1998. The founders of the company are Rob Kaufman, a former employee of UBS, Wesley Edens, a former Lehman Brothers employee and Randal Nardone from UBS and a former partner at Blackrock as well. These three different and highly experienced individuals came together to launch the company. Fortress is an assets and investments management firm. The company started up as an investment firm and by the year 200, it grew into a hedge fund and also began making investments in the real estate sector once Peter Briger and Michael Novogratz joined its leadership from Goldman Sachs.

The company continued to increase its assets and by the year 2005, with an IPO from the Lehman Brothers and the Goldman Sachs, the company became the first ever private equity firm to offer its stock in the stock exchange. Currently, the company manages more than 72billion- worth of assets forms clients of all walks from different parts of the world. The company serves the individual, corporate, public and private companies in different industries and different parts of the world. The company also has more than 20 companies in its portfolio.

The acquisition by SoftBank

After deliberations that began in February 2017, Fortress Investment Group and SoftBank situated in Japan announced publicly that the company had just been sold to SoftBank for 3.3 billion dollars. At this time, the stocks in the company were trading in the stock market for 5.38 dollars per share. SoftBank agreed to buy each share at the cost of 8.83 dollars per share. This meant that the shares would be struck from the stock exchange and the company once again would become a private equity firm. The five principals of the company each walked out with almost a billion dollars or more from the sale of their shares. SoftBank agreed to allow the heads of company to retain their positions and the company to remain headquartered at New York and not Japan.

The launch of Brightline Train

Fortress Investment Group has always been a trend setting firm. Recently, it launched the first ever privately owned and managed train in the United States.

Ted Bauman Contributions in Economic Structures

Ted Bauman has made significant contributions in the creation of economic structures in different countries and organizations. He is a trained economist who employs his skills as a way of empowering the society members. An example is the contributions that he made in the post-apartheid period in South Africa. Ted Bauman aided in the formulation of economic and social policies that promoted equality among all groups. While working in different organizations, he has overseen areas such as housing and urban planning, lost cost housing projects, asset protection, and wealth creation. The economist spent most of his years in South Africa and is credited for transforming its agencies and corporations. He further held many executive positions and is credited for founding the Slum Dwellers Intentional.

Ted Bauman has in the past been featured in many publications such as the Sovereign Investor Daily, the Guardian, Cape Argus, the Journal of Microfinance and the New Internationalist. He recommends many personal and economic improvements that can lead to an improved quality of life. Ted’s major contribution has been in the Banyan Hill Publishing. He serves as the Chief Editor and has in the past introduced new services like the Bauman Letter, Smart Money services, Alpha Stock Alerts, and ETF trading platforms. It is critical to note that the services are valuable in investment decisions and asset management. An example is offering guides on low-risk investments, wealth and asset management. Such strategies have been instrumental in transforming many developing economies.

Ted Bauman Engagement in Philanthropic Activities

He is the founder of Slum Dwellers internationals which has helped more than 14 million individuals and has active operations in more than 14 countries. While working in global housing projects, he attained vast experience that he believes can empower other people. He introduced the Bauman Letter as one of the ways that he could economically empower the society members. Ted Bauman career can be regarded as being propelled by the desire to attain equality among all members of the society. He notes that the lack of employment and empowerment opportunities leads to the marginalization of some groups. Many of the Bauman readers and subscribers have regarded the platform as being informative and offering practical guides.

Wes Edens Has A Passion For Business And Sports

It makes sense that the chairman and founder of Fortress Investment Group, Wes Edens, became an owner of the famous Birmingham, England-based soccer team called Aston Villa Football Club. This deal combines two of Edens’ passions: major business deals and sports. Nassef Sawiris, who is a billionaire businessman and the wealthiest citizen in Egypt, is Eden’s partner. Together, they are the majority owners of the team; their stake amounts to approximately 55%. The EFL (English Football League) has approved the sale.

To be more specific, Nassef and Wes Edens are the owners of the company that owns the team’s majority stake. It is called NSWE and bought its Aston Villa shares for around 39 million dollars. Meanwhile, the previous majority owner of Aston Villa (Tony Xia) has been named the co-chairman of the team, and he will stay on its board. In 2016, an entrepreneur from China known as Tony had purchased Aston Villa. It is now common for investors from foreign countries to own soccer teams from Britain.

The future of the team looks bright. Currently, it competes in the EFL Championship (English Football League Championship); it may soon join the top level of the football pyramid (English football) league system called Premier League. The Premier League is the UK’s most prestigious soccer league; it enjoys massive popularity worldwide. Aston Villa used to be a member of this soccer league for 29 years.

When the team dropped out of this prestigious soccer league, it cost them a huge amount of revenue. Also, if Aston Villa had defeated Fulham F.C. in a playoff game that was played in May 2018, then it could have already qualified for the reentry of Premier League. Nassef and Eden are happy to help the team reach its full potential.

About Wes Edens

He attended Oregon State University (OSU) and majored in finance. After graduating from OSU in 1984, Wes Edens worked for some of America’s most prestigious financial institutions. Between 1987 and 1993, he served Lehman Brothers as its managing director. He was specializing in mortgage trading at this company. He worked in several companies in different positions, which made him gain various management skills.

In 1998, he joined the management committee of Fortress; in 2006, he joined its board of directors. Today, Edens is also the chief investment offer and the co-CEO of the company. In the latter role, Eden looks for promising assets that he can fund, and he focuses on industries such as healthcare, transportation, and real estate.

Read More : www.nba.com/bucks/bio-wesley-r-edens