Fortress Investment Group Has Recently Added A New Milestone:

As one of the world’s largest and most successful alternative asset management firms, Fortress Investment Group has developed a reputation in financial industry that could accurately be described as legendary. The firm was founded back in 1998. Its three co-founders are Wes Edens, Rob Kauffman and Randal Nardone. Today, Fortress Investment Group has offices located across the globe in critical financial markets and has been a publically traded company since the 2007 calendar year. Fortress Investment Group has had many seminal moments throughout its existence and there have been many significant accomplishments and milestones, but perhaps the biggest one came recently when the company was acquired by the Japanese company SoftBank.

When SoftBank and Fortress Investment Group announced the massive news that the Japanese firm would be taking over the investment management giant, the financial world was excited to see what would happen next. One thing is certain, the public face of Fortress will remain the core of Wes Edens, Randal Nardone and Peter Briger as the company’s heads will continue to run their world renowned financial operation in an as usual manner. There will be certain regulations in place that prevent SoftBank from taking a more hands-on approach, but at the end of the day, the business arrangement suits officials from both companies quite well.

The reasons that SoftBank wanted to acquire a firm with the financial industry clout that Fortress Investment Group has are numerous. One reason that particularly stands out is the fact that SoftBank had wanted to enter into the investment management sector for some time. Being able to acquire Fortress was huge for SoftBank in this regard because it is such an easy way for SoftBank to get into this business by acquiring a firm that already has the entire package accounted for. Fortress gains the benefit of having the Japanese giant behind them. It is a win, win for everyone involved.

 

Leave a Reply

Your email address will not be published. Required fields are marked *