Fortress Investment Group’s skilled co-founder, Randal Nardone, is also its CEO and its principal. 1998, the same year that the company was launched, saw Mr. Nardone become its principal, and 2013 saw him climb even higher and become Fortress Investment Group’s chief executive officer. He has performed outstandingly in both positions for years ever since. Fortress Investment Group is specializes in private equity, and it has made billionaires out of the five men who were involved in co-founding it. Randal Nardone holds a B.A. in Biology and English, which he earned upon graduating from the University of Connecticut. More impressively, he then studied law at the University of Boston and received his J.D.
Randal Nardone, who lives in New York with his family, has served some other positions outside of Fortress Investment Group. At Springleaf Holdings, LLC he is both the president and a chairman on the board. Newecastle Holdings is another company that Nardone currently serves, and his role as its vice president and secretary is quite important to the company. Before Fortress Investment Group, Mr. Nardone gained some extremely valuable experience within the financial sector during his time with BlackRock Financial. At BlackRock Financial Nardone worked quite diligently as a well-respected principal.
Recently, Fortress Investment Group was purchased by another company, which is known as SoftBank. Fortress Investment Group actually sold for a whopping $3.3 billion. After SoftBank acquired the private equity company, Randal Nardone was of the organization’s principals that needed to be withheld because they were so important to the company’s successful operations. The other principals that were withheld are named Wes Edens and Pete Briger. SoftBank founder, Masayoshi Son, was quite enthusiastic about the acquisition of Fortress Investment Group, and Mr. Nardone believes that Masayoshi Son’s leadership will leave the company in great hands moving forward. It is anyone’s guess just how much more growth Randal Nardone and Fortress Investment Group will experience with the help of Masayoshi Son and SoftBank. A Force of Innovation: Two Decades of Fortress Investment Group
Things were better in the hedge fund universe in general in 2015 than 2014. Deal closures were up. In total, hedge funds around the world saw 42 deals close. This was up from 2014, which saw the closing of 32 deals. Transaction volume was up. In 2015 transaction volume was up 27% from 2014. Unfortunately, despite the all-time high of hedge fund case closures, most of them have performed just average. There are a number of reasons for this. Mostly, it is because since more investors are opting for investment alternatives, managers are increasingly being strapped for funds for adequate management of their responsibilities.
That being said, Karl D’Cunha, Senior Managing Director at Madison Street Capital says that 2016 looks to have even more case closures than 2015. Madison is making new innovations to ensure that the performance of this closed cases is better than just mediocre. D’Cunha predicts that the entire face of the hedge fund industry will also be changing. Madison Street is also working to make its face more real to the public of the United States. Madison is teaming with United Way to help businesses across the nation who have been hard hit by natural disaster.
While maintaining this stellar philanthropic environment, Madison is maintaining an equally stellar and world-class professional environment. And it definitely has the right personnel to face such a future. It is girded with some of the most knowledgeable, experienced, and capable professionals in the business, professionals who know all too well the extreme importance of creating and maintaining authentic relationships with clients. They also have the ability to tailor each situation to the client’s specific and unique needs.
If you are looking to join the investment field, you can do little better than starting with Madison. They are set up to help with any level of investment banking, restructuring service, valuation, private equity, corporate advisory service, and much more. Madison also has the knowledge and know-how to operate all of these in a wide range of business industries throughout the world.
Check them out on their website at www.madisonstreetcapital.com or call 1-312-529-7000. You will find they are not only legitimate, but exactly what you need to succeed in the field. Join the ever-changing hedge fund industry in the promising future that is in 2016.
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