A lesson on investment based on Fortress Investment Group

Institutional Investor magazine awarded Fortress Investment Group “Credit-Focused Fund of the Year” two years in a row that was in 2010 and 2011 this would later be followed by the “Discretionary Macro-Focused Hedge Fund of the Year” in 2012. Other publications would also recognize its extraordinary achievements and in 2014 HFMWeek awarded them with the “Management Firm of the Year” distinction before closing the year with a “Hedge Fund Manager of the Year” award from the Institutional Investor. This was just but a recognition of the milestones the group has been able to achieve since it was founded in 1998 becoming one of the fastest growing alternative investment vehicles by growing its asset base from a combined 400 million to 3.2 billion within five years. This was no mean task as it meant that it was growing its private equity at a rate of more than 39 percent year on year.

The Fortress Investment Group had a strong team at the helm and was able to diversify into various fields from the moment it was launched. Today it has been able to be more specialized as the industry continues to grow and has chosen to focus on the following areas capital markets, operations management, sector-specific knowledge of companies and institutions, corporate mergers and acquisitions and asset-based investing. This has been made [possible through credit funds as well as private equity funds. This financing model has helped it build assets, including capital, real estate, and financial vehicles that will see the Fortress Investment Group grow both its long-term as well as short-term revenue over time.

Its day to day affairs are mostly managed by Randal Nardone and Wes Edens, who are focused on the New York region while Peter Briger focuses on San Francisco. This has ensured that all regions are under the direct management of an equally capable member of the Board of Directors. Peter Briger joined Fortress in 2002 from Goldman and has been with the group since then joining the board in 2006 and becoming Co-Chairman in 2009 this was just a year and a half after the group went public listing on the NYSE. The other two were part of the founding team of three. Intrawest the largest ski resort owner in Canada was acquired by Fortress Investment group some time back and has proved to have been a worthwhile investment. This was also true for AIG’s American General Financial Services which gained as much as 27 times its initial value.