Fortress Investment Group LLC is a highly diversified alternative asset manager (credit hedge fund) investment management company, founded in 1998. Today, Fortress Investment Group LLC manages over $ 40 billion in assets for 1,750 of their clients. On December 28th 2017, Japanese technology investment company, SoftBank Group Corp bought Fortress Investment Group LLC for a staggering $ 3.3 billion. This latest acquisition, by SoftBank Group Corp, to buy Fortress Investment Group LLC is one of the latest acquisition by SoftBank. The international investment company has acquisitions dating back decades, adding Fortress Investment Group to its portfolio of companies is a testament to the financial business investment influence and power in the sector.SoftBank was founded September 3rd 1981, in Tokyo Japan and has since grown to report revenues of over $ 74 billion (REV) and over $ 9 billion in (NI), with more than 68,000 employees.
SoftBank’s founder Masayoshi Son is leading the company to be the world’s largest investment company. SoftBank buying Fortress is a deviation from its usual technology investments. The deal cost SoftBank $8.08 per share totalling $ 3.3 billion. A few years before the acquisition, Fortress was trading in the teens and SoftBank paying only $ 8.08 per share is quite a discount. The last of trading for Fortress the stock was at $ 7.85 per share, which was almost 60% less its initial public offering prince ten years ago. Fortress’s shareholders had not appreciated the value in Fortress, which is why the stock’s value had lost so much value prior to the acquisition. The co-founder of Fortress Investment Group LLC, Wes Edens was very excited about the deal. Wes Edens said he looked forward to not having earnings calls anymore. Fortress Investment Group LLC is happy making long term investments, and this is the value SoftBank seeks to capitalize on. Fortress no longer has to try and convince shareholders their investments are worth more.
Fortress can now use SoftBank’s capital to expand and have the freedom to make longer term investments, for higher yields and more capital appreciation.Fortress Investment Group LLC became the first alternative asset management firm to go public on February 9th 2007, and became the first common stock delisted from the New York Stock Exchange. Wes Edens, co-founder of Fortress graduated from Oregon State University in 1984 with a Bachelor’s of Science in Finance and Business Administration. In 1987, Wes Edens became a partner at Lehman Brothers. Mr. Edens was a partner and managing director of BlackRock Asset Investors from 1993 to 1997. Principal and Co-Chairman of the Board of Directors of Fortress, Peter Briger is a Princeton University grad. Mr. Briger also has an MBA from the University of Pennsylvania’s, business school Wharton. Peter Briger was partner at Goldman Sachs and served on the committees of Global Control and Asian Management Committee. Randy Alan Nordon, has been Chief Executive Officer and Chief Operating Officers since August 2013 and has been a principal of Fortress Investment dating back to 1998.
Jason Hope is considered to be one of the most brilliant forward thinkers of our time and is a seasoned serial entrepreneur in the field of technology. Jason Hope is a futurist who believes that technology has the potential to change many things as we know it today that can positively influence the future. Jason Hope has made a fortune by investing in many tech ventures and is on the board of many technology companies as an investor. He continues to help many tech entrepreneurs who are looking to make it big in the field of technology and business.
One of the things that Jason Hope believes in is that research in biotechnology can help with making a vast improvement in the field of anti-aging. Jason Hope has been supporting a leading biotechnology research firm named SENS Research Foundation since 2010 to help them achieve their dream goal of finding a way to halt the process of aging. The phenomenon of eternal youth might seem far-fetched, but Jason Hope believes that when the research is done on a molecular level, nothing is impossible. It is what SENS Research Foundation has been doing for the past several years, and has also made some very positive progress.
The focus of the research done by SENS Research Foundation that Jason Hope supports is not only directed towards prolonging the average lifespan of human beings, but also ensure that aging process is slowed down to an unimaginable extent. Since the time he started donating to the SENS Research Foundation, he has given away close to $1 million to the organization. In the United States, Jason Hope has the reputation of being one of the most renowned futurists and has a stronghold in the field of anti-aging research and new age technology development. Jason Hope’s Hard Line Stance on the Internet of Things
One other technology that Jason Hope has been supporting is the Internet of Things technology, which is believed to be the next big thing in the technology world soon. It has the potential to replace the technology that is in use today. The Internet of Things technology would help different devices to work in a coordinated fashion to make things easier for the users. In the corporate world as well as in the technical set-up, the Internet of Things technology can help work wonders by improving performance and decreasing the workload on the employees. It would also help in reducing the wastage, and save time for the people considerably. Jason Hope Pledges $500,000
Since its creation in 1993 by James Dondero and Mark Okada, Highland Capital Management has grown to a worldwide credit manager. Highland Capital Management is worth $18 million combined with its affiliate companies. The investment company specializes in credit hedge funds, credit solutions and collateralized loan obligations. But Highland Capital Management also offers alternative investment opportunities including emerging markets and natural resources. Read this article at investopedia.com.
Under the direction of Chief Investment Officer Michael Gregory, Highland Small Cap Equity Fund saw a 32% return from the S&P 500 Index in 2016. With the fund totaling $55 million in assets, investors are expected to acquire large returns from natural resources by the end of 2017. Although its main headquarters is in Dallas, Texas, Highland Capital Management also has offices in Singapore, Seoul, New York and Sao Paolo. Recently, Highland Capital Management ventured out into healthcare funds. Aligned with the South Korea National Pension Service as an investor, Highland Capital Management is providing co-investment opportunities in healthcare throughout China, Korea and the United States.
Highland Capital Management expanded its investments by partnering with Stonebridge Capital in Asia. The investment in the healthcare sector in Asia has led to gross earnings of over $1.5 billion in assets for Highland Capital Management and its affiliated companies. While investments continue to increase worldwide, Highland Capital Management also invests in communities and employees. In Dallas, Texas, Highland Capital focuses on community outreach through volunteer work and monetary donations for the Dallas communities. Highland Capital Management and affiliates have donated over $10 million to community and worldwide nonprofit organizations. Visit hcp.com to know more.