Fortress Investment Group is one of the few firms that have dominated the leadership if the investment management industry for a long period. This has been due to the kind of leadership that the principals of the organization offer to the company. In the recent few years, Fortress Investment Group has been on the record, receiving endless accolades and awards in the industry for its unique performance in the management of investors’ assets. Today, the organization is proud to have a total of more than $70 billion of assets under its management. Most of the success of Fortress Group can be attributed to its three principals of who work tenaciously to ensure that the organization returns the best yields possible to its investors.
Randal Nardone in pursues of his career, he has built an excellent reputation for himself and proving to be an investment guru who has earned a significant amount of wealth and experience due to working in several firms to the extent of being among the few billionaires globally. In Forbes list, he seizes number 557 and with an asset net worth over $1.8 billion.
Randal Nardone enrolled in Boston University a School commonly known to offer Law courses to pursue his undergraduate studies and ended up being awarded a Bachelor Degree in both English and Biology. He never stopped there but proceeded with his academics in the University of Connecticut where he was awarded a Juris Doctor Degree. Randal served in several institutions and in their top position such as in Springleaf Financial Holdings where Randal performed as its president and chairman. Also, he was in Newcastle Investment Holdings where he worked as the secretary as well as in BlackRock where he acted as the principal.
1998, was the year when Fortress Investment Group came to existence due to Randal Nardone working jointly with his colleagues both Kaufman and Wes Edens. At the moment, the position of the Chief Executive Officer of Fortress Group is held by him, and his primary role is to manage the company’s legal and financial matters. Also, In Fortress Credit Corporation he stands to its principal and also, he is among the members who act as Fortress Investment Group’s managing committee for more than a decade.
Randal Nardone feeling that Fortress would face stiff competition from wealthier companies led to the adopting strategies to counter their competitors by giving them a comparative advantage over them. It is these strategies that led to Fortress Investment Group experiencing an exponential growth rate over the years to the extent of being ranked among the best firms globally as well as receiving two awards in 2014.