Randal Nardone is one of the investment icons that deserve a lot of recognition and appreciation from Fortress Investment Group and the entire investment management industry. This is as a result of the great contribution that he has made to the economic sector through effective and excellent leadership that he has portrayed over the years that he has in the industry. Randal “accidentally” entered the investment and finance industry in 1998 when they combined efforts with two other investment enthusiasts to form Fortress Investment Group. The other two were Rob Kauffman and Wesley Edens. Later, Rob Kauffman would quit the investment in Fortress Group to pursue his passion in horse riding and motor racing, where he also invested. He was replaced by Peter Briger, an investment guru who came from one of the most reputable financial organization in the United States, Goldman Sachs.
Before Randal Nardone founded Fortress Investment Group, he had been employed in a New York-based boutique law firm, Thacher Proffitt & Wood, where he was a senior advocate. He had studied law in his university level at the Boston University where he graduated with a Juris Doctor Degree. At Thacher Proffitt & Wood, Randal’s role became very significant due to the services that he gave to the clients of the organization regarding corporate governance and employees’ compensation. He performed his task with passion and consequently became very popular for his expertise in law.
However, Randal Nardone felt that he had not pursued the right career path and if he continued with the same journey, he would never achieve the great objectives and goals that he had in life. He always wanted to become an employer who would create employment opportunities for the members of the community rather than being employed. Due to this challenge, Randal consolidated some funds that he would later come to combine with other like-minded investment partners to establish Fortress Investment Group in 1998.
Randal Nardone became a principal at the organization. During the foundation time, Fortress Group was just a small organization that had several employees in a small rental premise. However, through the excellent leadership of Randal Nardone and his co-principals of the organization, Fortress Group has turned into a boutique company in which every investor admires to invest their wealth. The company now has over 2,000 employees, 400 of which are investment professionals from the various economic sectors. This ensures that Fortress Group affords to manage investments for clients from all industries in the economy.