Category Archives: Financial Industry

Fortress Investment Group: A Force Within The World Of Investment

Fortress Investment Group started out fairly modestly. It was established in 1998 by Wesley R. Edens, Rob Kauffman, and Randal Nardone as a private equity firm. However, it has since grown into a fairly significant force within the world of investment.

The New York-based firm started in private equity, but Fortress Investment Group soon expanded into hedge funds, real estate-related investments and debt securities. When it went public on the New York Stock Exchange (NYSE) in 2007, it had the distinction of being the first of its kind to be traded publicly; prior to that time, no other large private equity firm had made the shift.

Fortress Investment Group has a number of products that it handles. In addition to private equity, it has expanded into other areas over the years. These other areas include credit funds, railroads, hedge funds, and traditional asset management.

Since its founding, Fortress Investment Group has grown into an employer of more than 2,500 people. It has a number of subsidiaries. It also commands more than $1 billion in revenues, which makes it a significant force within the world of investment.

Over the years, the firm had built itself up as an attractive company. This included gaining note in 2014 as HFMWeek’s “Management Firm of the Year.” In 2017, the SoftBank Group acquired it for $3.3 billion. This acquisition helped to make the firm even stronger than it had been before with the Tokyo-based multinational backing it.

Part of Fortress Investment Group’s strength can be found in its subsidiaries. It currently has more than half-a-dozen subsidiaries, which give it a reach into various areas from ski resort to retirement homes. A few of the names currently on that list are Nationstar Mortgage, Railroad Acquisition Holdings, Newcastle Investment Corp, New Residential Investment Corp, and New Media Investment Group.

A Year Of Change And Growth For The Fortress Investment Group

2018 proved to be one of the most consequential years for the Fortress Investment Group. The Group was transitioning from a publicly listed company back to private leadership. Over the years, they have grown to become one of the most prominent asset management organizations. Founded in 1998 by three partners, the Group would grow from an initial 400 million dollars to what it is today.

The purchase of the Group by Softbank began in 2017 when they began looking for an investment vehicle to help them grow their presence in the United States. The Tokyo based financial conglomerate has been expanding its presence rapidly across the globe. However, they have mainly focused on tech investments for the last decade or so. They would soon realize that there existed a lot of new and exciting opportunities, especially in the United States other than technology, and since they already had tech-based investments, it was necessary to diversify. The Fortress Investment Group was a perfect fit given there twenty-year history and quite a diverse portfolio. The Group’s principals were also highly qualified and experienced to lead the organization in whatever direction they would agree on. This meant that SoftBank could acquire the Fortress Investment Group, inject capital, and let the Group continue operating as an almost independent entity.

This was a win-win proposition for all those involved in the deal, and as such when it was presented to the shareholders, it was quickly endorsed. Once the acquisition was completed, the Fortress Investment Group stopped trading on the New York Stock Exchange. They would soon after embark on investing in High profile real estate. Their first investment was TSX Broadway. This iconic development in New York’s Times Square soon captured the interest of other investors, i.e., L&L Holding Company, and Maefield Development. The partnership meant that they could now create one of the most iconic brands in the city, and it is easy to see why companies such as Facebook, Amazon, Samsung, and YouTube are interested.

The partnership between Fortress and SoftBank promises to bring in more investments into the country and at the same time, create more opportunities for both.

For more details about Fortress Investment Group, just click https://www.fortress.com/businesses/credit

GoBuyside and Its Impressive Innovation in Talent Recruitment that Puts Them Ahead of The Curve

There are many news we hear lately about the economic conditions of the world and the propensity of the financial system to face again the detrimental and terrors of past crises. Controversies abound and rumors spread like plague, and it’s time for us to kill some of them off once and for all, so we get the meat of the story and the things that really matter to us. In search for relevant financial news, you may want to consider the story and finance updates happening to GoBuySide today, as it ushers in the new era, methods, situations, actions and arguments in the modern market’s approach in talent recruitment. Read more at Wayup about GoBuyside.

The Patch.com News

 

In one of the articles from Patch, we learn that the new recruitment strategies of companies today have really shaped the future of how talents can be acquired. One of the remarkable companies lately who have adapted to the new ways of recruitment in the market is GoBuyside, which is a leading executive search frim based out of New York City. It’s a firm that helps other companies make sense of the job trends today and helps companies get their talent recruitment needs in the right direction.

 

In relation to this, GoBuySide is making sure that while it adapts to the modern market, it also helps in providing for the good practices in recruitment, which right now is found in the decentralization of positions.

 

Interestingly, it is in the same Patch article that we read that there’s right now a survey from the Bureau of Labor Statistics that 24 percent of the employees today are already doing their work at home, and that’s something that GoBuySide is taking advantage of. With such location advantage, GoBuyside can offer better executive selections to their clients and it can better find the best people fit for a particular job.

 

Location Flexibility

 

Another edge that GoBuyside has right now is in its ability to leverage the location flexibilities to improving the performance of their executive selections. GoBuyside can better find the right job provider because location is no longer an issue, and it is highly able to assemble a team that exceeds even the wildest expectations of their clients. Truly remarkable is the modern environment right now that allows this to happen, but what makes GoBuyside even more outstanding is its ability to make sure that it doesn’t compromise on quality. It makes sure that the talent it acquires and renders to clients are top-notch, with all the requirements and credentials that can be verified accurately. Read this article at Accesswire.

 

Applicant Tracking Systems

 

Another innnovation that GoBuyside is taking advantage of right now is its applicant tracking systems. With such systems, it is able to scour online job boards and make use of artificial intelligence to get the people that best fit the list of credentials that the employer wants. Plus, the active social media presence that GoBuyside employs right now is also making sure that it appears authentic and organic to ordinary individuals, avoiding the tendency of companies to appear faceless and impersonal in talking with the future employees and job seekers.

Follow: https://twitter.com/gobuyside