Investment management companies exist all around the United States, especially those that offer counseling and have financial advisors who help investors and asset owners control their investments and diversify their portfolio. However, many of those are not as popular or as efficient as Fortress Investment Group, an investment management and financial advisory company located in NYC.
The company was founded in 1998 and has already celebrated its 20th anniversary in 2018 with an impressive record of growth and success since its establishment.
Fortress Investment Group was founded by three investment experts and entrepreneurs: Wesley R. Edens and Randal Nardone. Since 1998, it saw massive growth and was publicly traded in 2007, being the first large private equity firm in the country to do so. It has since then managed billions in assets from investors from all over the country, and continues to have a massive number of loyal clients to this day.
The investment management company has received acknowledgments, prizes and awards as well as some of their employees and leaders.
After 2007, many nominations took place such as 2010 and 2011’s “Credit-Focused Fund of the Year” award, and the “Discretionary Macro-Focused Hedge Fund of the Year” in 2012. 2014 was also a prominent year for the corporation as they received the “Hedge Fund Manager of the Year” nomination, from the group Institutional Investor, and another nomination, “Management Firm of the Year,” by HFMWeek, acknowledging the company’s influence in the market.
Fortress Investment Group has more than just private equity management and the traditional asset management solutions. The company deals with many investments and credit, as well as alternative assets. They offer management of hedge funds and equity funds.
In February of 2017, the corporation was doing very well in the market. The business was expanding, and they had many investors using their asset management services. Because of their success, in that same month, Softbank Group confirmed that their plans of buying the company were true and it wouldn’t take too long for the bank to acquire Fortress Investment Group. The price for the acquisition was $3.3 billion.
The group has a wide variety of other companies and financial management firms in its pockets, as its portfolio has only grown larger and larger throughout the years. The company had bought the Canadian ski resort company Intrawest, as well as a co-ownership when the company and its partner Centerbridge Partners acquired Penn National Gaming. Their portfolio has continued to increase until 2014, when a local journal announced that they had acquired Inverness Corners retail center.