Fortress Investment Group is an Investment Manager founded in 1998 by Randal Nardone, Wesley R, Eden, and Rob Kauffman. Fortress Investment Group was the first significant private equity firm to be publicly traded in the United States after its launch in 2007.
The firm’s headquarter offices are located in New York, with subsidiary offices in Los Angeles, Singapore, Philadelphia, Italy, and Hong Kong. The firm has specialized in raising, managing, and investing in alternative asset investments such as hedge funds, real estate, and equity funds. The firm has grown expeditiously over the years.
However, despite its success, Fortress Investment Group has had hic-ups. For instance, it suffered the first significant losses during the economic recession in 2008 and in 2015 that forced the firm to close its principal hedge fund due to failed Brazil’s market. Refer to this article to learn more
Despite the challenges, the company was able to salvage itself by opening an additional real estate fund, and as of June 2016, the company was managing assets close to $70.2 billion. With the acquired expertise and vast experience over the years, Fortress Investment Group has proved to be among the leading investment managers worldwide. The firm has been acknowledged by Institutional Investor as Hedge Fund Manager of the Year in 2014 and Credit Focused Fund of the year in 2010 and 2011 consecutively.
Fortress Investment Group represents 1600 Institutional Investors. The company’s objective is to expand its existing businesses as it comes up with more innovative products that will meet the increasing demands of its clients. The company has financed buildings and Condos in New York City. In addition to managing funds, the company has acquired several other companies, such as Canadian SKI Resort, that ventured into adventure travel brands. Rail America, Florida East Coast Industries, and Penn National Gaming operate in casinos and Horse racing venues.