Rob Kauffman, a famous one-time driver of sports cars and current owner of a professional racing team, was a formidable force in the domestic investing market here in the United States until he retired in 2012. Wes Edens, the co-owner of the NBA’s Milwaukee Bucks franchise, was one-third of the group of founders of Fortress Investment Group alongside Kauffman and Randal Nardone. Together, the three founded one of New York City’s best alternative management investment firms – Fortress Investment Group, a business with 20 years’ worth of consecutive operation, $40-odd billion in assets under management as of March 2018, and more than 200 trained, experienced, tried-and-true financial professionals working for the entity.
Here’s what Fortress Investment Group does
Fortress Investment Group’s main way of earning money is through its risk-adjusted management of its clients’ $40.9 billion in assets under its corporate umbrella. The company invests in virtually everything the global economy has to offer, ranging from the vanilla financial instruments of the New York Stock Exchange and the Nasdaq Stock Market to real estate investment trusts and other not-so-safe ventures.
The company also serves as consultants, overseers, and administrators to acquisitions and mergers at the corporate level of business – Fortress is truly a master of financial services.
These three businesspeople run Fortress Investment Group today
Peter Briger replaced Rob Kauffman just weeks after his departure from the industry in 2012. Briger brings two Ivy League degrees’ worth of training and more than 15 years’ experience in financial services – 15 years exactly were spent with Goldman, Sachs & Co., one of the most prominent investment-level financial institutions on the planet.
Wes Edens has since invested in the English Football League Championship’s Aston Villa franchise, offering the club upwards of $2.5 million in help for the financially-troubled association football organization.
Randal Nardone is also a principal and one-third co-owner of Fortress. Mr. Nardone and Wesley “Wes” Edens work from Fortress Investment Group’s New York office, whereas Peter Briger – one-half of the shared role of CEO – spends his time in San Francisco, California, particularly in the Silicon Valley area.