Fortress Investment Group has been a key player in the industry since inception in 1998. For instance, in 2007, the company became the first private equity firm to offer Initial Public Offering (IPO) on the New York Stock Exchange (NYSE). Since then, the company has grown into the global market controlling over forty-three billion of assets belonging to almost two thousand investors. Furthermore, the company also controls permanent capital vehicles and hedge funds. Fortress Investment Group key strategy is focusing on strong risk-adjusted returns in the long run for investors.
Fortress Investment Group was established by Randal Nardone, Wes Edens, and Rob Kauffman. Although Nardone and Edens are still involved with the company, Kauffman retired in 2002 to venture into car racing. Prior to founding the company, the principals worked for many years at various prominent private equity firms like Goldman Sachs and others. They, therefore, brought immense experience and expertise in investment management that enable the company to grow rapidly. Their initial goal was to create an investment company that could offer alternative solutions to investment management in the industry. Assets under the management of the company increased significantly in the first five years from four hundred million dollars to almost four billion dollars. At the time of going public, asset under management was over thirty billion dollars.
Operations at Fortress Investment Group are categorized into three main segments; the credit, private equity, and permanent capital vehicles. The credit division is led by Briger and Dean Dakolias and was established in 2002. The division comprises the Fortress Credit Opportunities Funds, the Fortress Japan Income Fund among others. Investments in this division focus on distressed and illiquid investments as well as undervalued assets. The private equity division is controlled by Wes Edens and Randal Nardone. The division controls the cash flow from the Caribbean, North America, and Europe investments. The permanent Capital vehiclesdisvision, on the other hand, is concerned with the management of the company’s capital vehicles. The capital vehicles focus on investment in media assets, real estate, and transportation logistics among other areas.
About Wes Edens
Wes Edens is among the founders of Fortress Investment Group where he leads the private equity division. Prior to co-founding Fortress, he served senior positions at Lehman brothers and BlackRock companies. His Investment approach enabled the company to obtain considerable returns from distressed capital markets. Apart from being successful in the world of business, Wes Edens is also prominently involved in sports. In 2014, he partnered with Marc Lasry to purchase the Milwaukee Bucks at half a billion dollars.
1996 was a year Peter Briger forever remembers as this was the year he made partner at Goldman Sachs. This would be the highlight of his career in the organization but also serve as a stepping stone for his career at Fortress Investment Group a 65 billion investment vehicle. Armed with a B. A from Princeton university Peter Briger had a strong footing to help him navigate the growing business environment at the time. He would later attend Wharton business school for his MBA before moving to Fortress in 2002. This was a good career move for him as it gave him options and promised to enable him to grow to higher levels. He began at managerial level, and by 2009 he had grown to become co-chairman of the board of directors before being appointed Co-CEO in the same organization later on.
His various deals at Goldman Sachs had given him quite the footing in real estate and the credit fund business the divisions he current heads too at Fortress. His credentials are impressive by all standards, and this has enabled him to gain membership in various Committees that include the Asian Management Committee and the Global Control and Compliance Committee. He is also a member of the Council on Foreign matters, which is concerned with bridging the gap between the general public and leaders on the importance and understanding of foreign policy. Peter Briger as part of the Princeton class of 86 has been very instrumental in establishing the Alumni Entrepreneurs Fund (AEF). This fund is geared towards nurturing the next generation of entrepreneurs from the school and help them become successful in their own right.
This fund has its basis on the belief that the “Entrepreneurship the Princeton Way” is one of the core strengths of the university. Princeton is known as a beacon in the development of business leaders, but it’s also very focused on nurturing the next generation of serial entrepreneurs. Peter Bridger continues to dedicate a lot of time to this and other philanthropic causes that he highly believes in. The Silicon Valley Leadership Council for the Global Fund for Children is one of this. The belief that education is one of the best tools in the fight against poverty is part of the reason he is on the leadership council. Peter Briger believes that by giving even the least privileged children in society an opportunity to learn they can turn their lives around and one day live out their dreams.
The Fortress Investment Group was founded in 2009 by Randal and Wes Edens among others. The company then elected him to the post of CEO in 2013, and for the past five years, he has seen the business grow into one of the most successful private equity investment firms in the country. Currently, Randal’s net worth stands at 1.8 billion US dollars. He holds position 557 on the Forbes list of the most successful billionaires. Randal has a BA from the University of Connecticut and has a wealth of experience in private equities investment.Fortress Investment Group currently has more than 43 billion US dollars in assets under their management. The company has concentrated their efforts on diversifying their investment portfolio, and they have close to 2,000 institutions as their clientele all over the world.
Their clients have invested in various areas of the economy including capital investments, real estate, credit, strategy and private equity firms. The Fortress groups asset management department has more than 1000 dedicated employees in their various headquarters around the world.The services that the company offers start with the appraisal, purchase and management of key investment assets for their clients. They offer advice on the practices which will help their clients achieve long-term cash flow. The company has been successful because over the years they have learned the value of truly immersing themselves in the industries where their clients are interested in investing. As a result, they have been able to understand and offer expert opinion on the same.
Randal Nardone started off his career in the legal field. He has a degree from the J.D. Boston University School of Law. He served as a managing director at UBS for a number of years before he thought about starting fortress. In the past, he has served in the executive committees of law firms such as Thatcher, profit and Wood Law. Currently, Randal Nardone is serving as a director of the Alea group holdings and several other companies. Randal Nardone has a dream to make his company an investor of choice to people interested in private equities. The company is currently generating revenue of close to five hundred billion dollars. The company has a total of more than 500 employees and is expanding really fast. The people who have in the past interacted with Randal Nardone state that has an infectious positivity around him and that he inspires them to do better.
When the creators of Waiakea Water developed it, they knew there were things they could do that would help people see the positive options they have. They also knew others could make more from the things they were doing and that was something they felt good about. For Waiakea Water, the point of doing things the right way was offering bottled water to everyone who needed it and giving them the things they had as a result of it. Before Waiakea Water, the people who wanted to try Hawaii volcanic waterhad to actually go to Hawaii. Since Waiakea Water started, they could get more from the water than they did from any other time before. The company made sure people were using the water the right way and they were getting a great experience from using it. It also made sense for them to keep offering it to everyone who wanted to try it out.
As long as Waiakea Water continues growing and people continue seeing it as a way to make the best water possible, they know what will happen to the water and how they can make it better. They’ve always tried helping more people with the water and with the things they need for the water and that’s the point of the business. Since people can feel better about what they’re drinking, Waiakea Water can keep giving them a positive experience in every way possible. The company remains dedicated to those they serve and they help everyone who wants the water.
There were times when Waiakea Water had to start showing other people the things they needed and the options they used to keep getting better. They always wanted people to try their best and do the best job possible because they had so manydifferent wateroptions to choose from. Waiakea Water is one of the most profitable brands of water in the world and it shows in the things they do. Their customers get more from what they have and that makes sense for the company. They liked to give back to the community they’re a big part of.
OSI Industries is now a multinational firm but when it started out it was just one among a number of corner butcher shops in the greater Chicago region. The year this company opened its doors was 1909. A German immigrant by the name of Otto Kolschowsky established this company. About 25% of the population of this area was German at the time and the city was known for butchering hogs, shipping wheat, and making tools.
When Kolschowsky’s two sons were old enough, in 1928, they joined this company and it was named Otto & Sons. They soon branched out to the wholesale side of the butchering industry. Otto & Sons continued as a successful Illinois company for decades but everything changed in 1955.
Both of Otto’s sons were friends with Ray Kroc. At the time franchising restaurants was a new concept and Ray Kroc was a franchise agent for a family in California who owned a family restaurant. They wanted to start franchising restaurants, beginning in Illinois. Ray Kroc opened the very first McDonald’s franchise in Illinois and he chose Otto & Sons to be the sole providers of his restaurant’s ground beef. As more McDonald’s locations opened in Illinois more and more of Otto & Sons’ business was tied to the success of McDonald’s.
In the late 1960s flash freezing was invented. This enabled companies to ship beef farther and at less expense. It also meant McDonald’s could cut its national group of beef suppliers down to just four, with OSI Industries being one of those. 1975 was another big turning point for this company. It was renamed as OSI Industries and a new business partner by the name of Sheldon Lavin got heavily involved as the new CEO. McDonald’s by this point was starting to expand internationally so OSI Industries did so as well.
Today, OSI Industries has food production facilities in nations across Europe and Asia. They are also in nations such as Australia and in Latin America. They have a number of facilities in America. They also sell food to many quick serve restaurants instead of just solely to McDonald’s. Sheldon Lavin wholly owned this business today and still leads it in his mid-80s. He is still expanding the presence of this company in the world and it is now ranked by Forbes at #58 when it comes to American privately held businesses.
The Chainsmokers are a DJ duo whose members are Alex Pall and Andrew Taggart. The Chainsmokers came to be as Alex was looking for a replacement for the initial member of the duo was leaving. Taggart got word of the opening and the Chainsmokers as their fansknow them now was born.
With there being such a large concentration ofDJs in the music industry, Andrew Taggart understands that set themselves apart from the rest would be a challenging task. While Alex does understand that sometimes you have to follow the popular pattern to get your foot in the door, it is very important to develop your own style after perfecting your craft. The Chainsmokers managed to do just that with singles such as Roses, Waterbed, and Don’t Let Me Down all of which sound much different than anything that they have put out before.
The newest approach from the Chainsmokers is sure to catch their fans off guard. The duo actually sings on some of their new material. Aside from the singing, the duo felt the need to personalize those lyrics by talking about things that are going on in their own lives. Pall acknowledged that the current era of fans likes to feel a connection to the artist. Making lyrics and telling their personal stories will provide that connection.
A common issue with most artists is that they don’t evolve with their audience. Paul is very aware of this lack of awareness among most groups, and he is determined to keep his shows fresh and adapt to his group’s growing audience. Paul believes that complacency is one of the main reasons groups become less relevant, so he is in constant communication with his visualist on how to make every show a little different. Paul has noticed that most groups that he idolizes tend to lose ground when they take extensive amounts of time off. Although he acknowledges all the heart work that his band does, he feels that it is important to stay active and take minimal breaks.
Vijay Eswaran is one of the leading businessmen in the Asia-Pacific region, based in Malaysia. The MLM Company that he founded in the year 1998 has grown to become one of the largest conglomerates in the Asian region, with the annual turnover last year to be around $750 million as per Forbes. Vijay Eswaran has helped many people achieve their dreams through the inspiring and motivating speeches he has given world over at many different important events and public forums. Vijay Eswaran is also known for the many books he has written in the past few years sharing his business experiences and the importance of spirituality in life.
Vijay Eswaran has traveled across the globe and is also highly educated, which has helped his personal growth and the success he has achieved. Vijay came to know about the multi-level marketing when he was in the United States doing MBA from the Southern Illinois University. However, at that time, Vijay Eswaran wasn’t serious about pursuing it full-time even though it did intrigue him at the time. After completion of his MBA in the United States, Vijay Eswaran shifted his base back to Malaysia, which is when one MLM company named Cosway Group contacted him to handle their business in Malaysia. It is when he thought of giving MLM a serious try, and started the QI Inc, which went on to become one of the largest conglomerates in the Asian region, involved with telecommunication business, luxury products manufacturing, construction and real-estate, and more.
Vijay Eswaran says that the leader is the one who is able to look at the bigger picture and not only think of his or her personal development but that of the employees of the organization as well. Vijay Eswaran believes that the multi-level marketing model is perfect in this regards as it allows the members of the company to secure their future financially. Vijay Eswaran believes that unless the leader is ready to sacrifice for the betterment of the company and show care and respect to the fellow employees, the employees and the organization cannot function as one unit. Vijay Eswaran advises people looking to lead a company with useful tips. He feels that a leader should be able to teach their employees without expecting anything in return. When the employees feel that the leader himself is working so hard, they too strive to become like him or her and are happy to follow their lead.
Louis Chenevert served as the Chairman and CEO of United Technologies Corporation (UTC), and it was under his leadership that the company flourished for so many years and still does today. Before working with UTC, he served as the President of Pratt & Whitney and the Production General Manager of General Motors’ St. Therese operation. He earned his Bachelor of Commerce Degree in Production Management while spending time at the Université de Montréal, École des hautes études commerciales (HEC). He also picked up an Honorary Doctorate while studying at the University of Montreal. He serves the public by sitting as the Chairman of Yale Cancer Center’s Advisory Board and also sits on the Board of Directors of Cargill Inc.
Louis Chenevert has consistently put the right team together so that obstacles in the industry he worked in could be overcome. He has talked about the fact that he always appreciated his team members and that he always rewarded those who took risks. He helped to grow UTC by removing the obstacles that got in the way of its success and also by being a focused individual who was open minded. He has always said that each person is only as good as the sum of their team and that it is wise to surround yourself with the best of the best. When an employee solves a problem, he believes in rewarding them as toinspire them to do even more.
When asked what makes him a more productive entrepreneur, Louis Chenevert commented that all of his habits worked together to accomplish this. He believes that following up aggressively and being an optimist who works with passion are a few of the most important keys to success. Rather than getting tangled up in internal politics, he has always focused on the priorities and goals of the company. He also ensured that all of the executives in the company always had what they needed to continue to make their customers happy. Now that he is retired, many people are looking back and realizing what a great leader they had in their for all of those many years.
Many people from SoHo sat together and for the first time held expensive amounts of luxury in their hand. The RealReal is an online store where you can find secondhand luxury items for sale. It is really a good deal because they are lightly worn and mostly real. If not, you can send it back.
In 2011, The RealReal was founded by the entrepreneur Julie Wainwright. It was created mostly because Amazon cannot carry such luxurious items since they only like to carry mass orders of items. The online store has anything you would want for luxury like bags, jewelry, and clothing. Also, you can find the best labels such as Chanel, Louis Vuitton, and Prada. They are the best consignments for those who do not earn as much as the high ballers. Although many people will become concerned because of the fact that it may not be trending at the moment, they are still providing the latest trending fashion. And if you are a vintage shopper, well here it is! Vintage for the 50’s girl. It’s absolutely lovely.
The reason why people like to buy real luxury items because they have a good essence rather than a bag which smells like nail polish. Nobody likes that however, it is always a good feeling to have the latest trends because it brings people together. And, not to mention the animal skin could be put to use also. Which is also a scary thought but just in case, it is not 100% animals.
Also, when you are dressed in fine clothing, you will be getting the utmost respect from other people because it is a well known thing for people with the type of clothing to be presentable and known with characteristics. The RealReal is the place to shop for items you need to look presentable for the people. With that said, shop now and get that bag you’ve been wanting for a while now. Givenchy, Yves Laurent, Juicy Couture, you name it and they have it waiting for you to be used in your life. Always remember that you can return it, if anything.
Sujit Choudhry is a respected international scholar whose studies focus more on comparative constitutional law and politics. Some of the topics he dwells more in include constitutional design as a tool in managing the transition of violent democratic politics to peaceful democratic politics, constitutional design in societies that are ethnically divided, federalism, decentralization, and secession, constitutional courts and transitional justice, official language policy, and bill of rights among other issues. Mr. Choudhry also took part in writing the Canadian constitutional law. One of his most recent publications is a chapter in the Constitutional Democracies in Crisis.
In the book, Sujit Choudhry digs more into a tweet by Eric Holder, former Attorney General in the administration of President Barrack Obama. His tweet was published in December 2007. In the tweet, Mr. Holder warned against the termination of Robert Muller, White House Special Counsel. He termed the termination as an “absolute red line” that should not be crossed. He went ahead and asserted that if anything happened they were going to hold peaceful demonstrations.
Sujit Choudhry analyzed the tweet and explained that the call to action by Eric Holder was based on two concepts namely being symbolic, “red line” or uncontroversial constitutional boundary in America and allowing the people of America to decide whether government officials have misused their authority and have disobeyed the law (releasefact.com)
Mr. Choudhry identified that the tweet was centered on the “constitutional self-enforcement basis developed on the focal line concept.” Since the constitution guides government officials and citizens about behavior of public authority by using constitutional rules, Holder wanted the people of America to decide whether Muller was to be suspended from his duties or not. Moreover, Mr. Choudhry noted that the violation of such constitutional rules did not warrant the court to tag them as that. Sujit Choudhry was also surprised at Holder’s tweet since Eric Holder who was once a top law enforcement officer did not state any legal claim to challenge the termination of Muller from office. Mr. Choudhry also identified the limitation of the presidential terms to only two years is also an example of a focal point.