Category Archives: Investment

Randal Nardone Contributes Greatly towards the Growth of Fortress Investment Group.

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.

Altium Capital Founder Jacob Gotlieb And Iguana’s Stuart Weisbrod To Share Office Space

Jacob Gotlieb of Altium Capital and Stuart Weisbrod, the founder of Iguana Healthcare Partners have made public their intention of operating under the same roof. The two successful entrepreneurs and healthcare investment experts have also hinted at a possible collaboration in the offing. Nonetheless, this wouldn’t be the first time the two alternative investment titans come together to champion healthcare investment opportunities.

Past collaborations

Weisbrod and Gotlieb first came together in 1999 under Merlin Biomedical Group, an investment management company with a focus on healthcare, biotechnology, and pharmaceutical portfolios. The hedge fund was founded by Weisbrod who would soon engage the services of Gotlieb as its portfolio manager. His contributions to the firm would see Merlin report returns in excesses of 100 percent in 1999 and 2000. His role in helping the firm maximally from the biotechnology revolution taking place at the time also opened doors for his successful career in healthcare after Merlin wound up in 2007.

Going separate ways

While at Merlin, Gotlieb and Weisbrod landed numerous prominent clients in the healthcare industry as well as high net worth clients interested in the health sector. For close to two decades the two have sustained and landed even more colleagues using different investment vehicles that each founded and steered after their stint at Merlin. Gotlieb would, for instance, set up Visium capital in 2008 with a starting capital of $300 million and steer it into an $8 Billion hedge fund with offices in San Francisco and London.

Nonetheless, Visium also had to close its investment doors and wind up after a decade of success in 2016. Gotlieb, however, remains determined and ever resilient and would soon evolve and set up Altium Capital, a renewed version of Visium that now moves in with Weisbrod’s current investment firm.

On the other hand, Weisbrod has also dipped his hands and heart deep into the world of healthcare investment with the founding of Iguana Healthcare Partners. According to the company founder, the fund draws its name from the adaptive reptile based on its ability to evolve and thrive in the ever-changing finance markets. Like Merlin, Iguana specializes in investments in the pharmaceutical, biotechnology, and healthcare IT companies.

What does their collaboration mean to the healthcare sector?

Cumulatively, Jacob Gotlieb and Stuart Weisbrod have unmatched experience in running healthcare oriented investment firms. The two have particularly been hailed for their ability to spot and revolutionary ideas in the sector and nurture them to maturity. The industry can, therefore, expect welcoming support for its innovative ideas as well as well thought investment options for their clients.

Fortress Investment Group’s Current Operations

Fortress Investment Group is one of the highly reputed asset management companies in the world. Additionally, the firm also manages credit and liquid hedge funds. The firm was founded in 1998 and it is based in New York United States. The company has being providing outstanding services due to extensive expertise in investment field. Currently, the company is managing approximately 1,500 organizational and private properties in the world. The company has on estimate 900 employees and its co-founders are Randal Nardone and Wes Edens who are as well its principal along peter Briger.

A recent article published in indicates that Fortress investment group’s success has been attributed by innovation and “strong risk-adjusted returns” strategy .The Company was also recognized in 2007 as the first private company to participate on the New York Stock Exchange (NYSE). Currently, the company offers a wide range of the investment activities globally. Moreover, Fortress investment group manages approximately $43 billion investor’s assets from private equity, hedge funds among others. In addition to the stated, the company has expertise and competencies in asset-based investments, capital markets, operations management and general knowledge of companies’ investments. Fortress investment group has an adequate knowledge in corporate acquisitions and merging. In 2017, the Softbank purchase the company at a cost of $ 3.3 billion.

Today, Fortress Investment Group’s exists in three operations segments which include Private Equity, Credit, and Permanent Capital Vehicles. In 2002 Briger launched the credit segment compromising Drawbridge Special Opportunities Funds, Fortress Japan Opportunity Funds, Fortress, and Fortress Secured Lending Fund among others. Most of its Investments are worldwide.

Secondly the private equity segment concentrates its operations in Caribbean and Western Europe. Some of the services in this division are financial services, infrastructure and healthcare. It has several holdings such as Aircastle, Global signal etc. Lastly, the Permanent Capital Vehicles segments comprises of five publicly traded capital vehicles that is New Residential Investment Corp and Infrastructure Investors LLC, Fortress Transportation, New Senior Investment Group, Eurocastle Investment Limited and New Media Investment Group. The stated bodies focus on real estate investments in residential properties. Transportation structures, housing properties in the United States, real estate related assets and local media assets mainly in Italy.

Currently, the company is divided in three segments to improve its services and to get specialized expertise. Segmentation ensures the company’s lead in the future.

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Meet the Co-founder and the CTO of Stellar Organization; Mr. Jed McCaleb

Mr. Jed McCaleb is an American entrepreneur and a programmer. Apart from co-founding Stellar organization, he is the one who spearheaded the foundation and served as the company’s CTO ripple through to 2013. He is also recognized as the creator of bitcoin exchange Mt. GOX, Overnet networks, eDonkey2000 application and the peer-to-peer eDonkey.

How His Early Life and Career Started

Mr. Jed McCaleb was born in Arkansas and went to the University of California, Berkeley. He later moved to the City of New York. In 2000, he founded Meta Machine Inc. and released eDonkey2000 application. Sam Yagan later linked with him in 2001 and served as the company’s Chief Executive Officer. Jed McCaleb worked as the CTO of that company and went with developing the peer-to-peer eDonkey, the Over networks, and the eDonkey 2000 application. The network, at its best height, grew to get more than 4 million users. In 2007, Jed McCaleb purchased a domain called Mtgox.Com, with the intention of creating a Magic trading site, The Gathering cards. The website became popular within a few months.

His later career

In 2014 according to Coin Telegraph, Mr. Jed McCaleb co-founded a non-profitable organization, the Stellar Developing Foundation, together with his partner, Joyce Kim. With the aim of developing an open source protocol to stellar, the company decided to make it easy in cross-border business transactions through digital currencies. It debuted on 31st July 2014 and got 3 million US dollars loan from the ripple. The inventor of Mt. GOX and stellar CTO is committed, and he is envisioning a blockchain powered single transaction payment system in the whole world. Stellar is an international Blockchain powered setup which uses digital token. Woon Bank from South Korea had already lined up ripple on commercial basis implementation in 2018. Hopefully, by 2028 the company’s blockchain would have a power boost on UniversalPayment Network that would process the payments and also the traditional assets like shares and stocks. Jed Mc Caleb who for long has been a crypto organizer has had his predictions about stellar’s change of technology in future, to the better.


Louis Chevenert Crucial Executives Ideas

Louis Chevenert is the Chief Executive Officer and the former chairman of United Technologies Corporation. In January 2010, he became the chairman of the organization and served in that position until he retired in November 2014.

Until March 2006, Louis was holding the position of Chief Operating Officer and President of United Technologies Corporation. He was also serving as the Director of United Technologies.

Louis served for fourteen years at general motors’ before joining Pratt and Whitney in the year 1993. The idea of United Technologies Corporation began as Louis was the CEO of a multinational company. He drew many ideas from crucial executives of the firm. Throughout his career, Louis has been working with small groups of people that could understand the needs of customers. He ensured that the teams had a positive attitude towards delivering game-changing products.

Louis said that he was most excited about technology and the speed of change in their company. He argued that technology bore new opportunities.

Louis stated that it was difficult to point out a habit that increases his productivity saying that the practices were dependent on one another. He is productive because of being extraordinarily optimistic and passionate. He disregards internal politics and makes sure he invests his time pushing the agenda. He also ensures that the executives have everything they require to produce the best results.

Louise explained about his worst job was at general motors as a Fine Line supervisor on second shift in an assembly plant. The task was difficult, and through that, he learned about the power of people. He also learned on how people wanted to make a difference when the management listens to their opinions. The employees knew how to solve problems among them and to increase the productivity of the company.

If he were to start again, Louis would focus on internal politics and how they could deal with extraordinary results to and impact to the future of brilliant leaders.

According to Louis, as an entrepreneur, one thing to do over and over again is to get the right team together that can help to avoid obstacles. One should appreciate and inspire them and delight customer each time.

One strategy that helped Louis to grow his business is by clear thinking and focusing and combined with walking around. Also by thinking big and eliminating the roadblocks.

Jed McCaleb and The Stellar Lumens

Jeb McCaleb is the co-founder and CEO of Stellar Development Foundation. He co-founded the foundation together with Joyce Kim in 2014. He found the company upon realizing that many people are left without resources, after the breaking of financial infrastructure. He spends most of his time at Stellar with the smartest people ever in his life.

Before Jed co-founded Stellar foundation, he made eDonkey in 2000. This was a peer to peer network for file sharing. eDonkey was the first platform to implement Kademlia DHT and multi-source downloading. Jed McCaleb spent most of his time on improving technologies and using the same techniques to make the world better. He believes in improving human conditions and reducing inefficiency by leveraging on technology.

In 2011, Jed created Mt. Gox, which became the first Bitcoin exchange. He is also an advisor at MIRI, a company that carries research in artificial intelligence. He envisions a single system for payment services that run the entire world, powered by Bitcoin. He also sees the possibility of the payment of fiat currency through Blockchain. Jed sees Stellar as a payment process system that will support shares and stocks by 2028.

In 10 years’ time, Jed believes that all equity will be tokenized on blockchain technology. The Stellar token network: The Stellar Lumens (XLM) has been following an upward trend for some time now. It has adopted the lightning network to neutralize against any future drawbacks. With his in-depth knowledge and experience in technologies, his successful future prediction for Stellar is not something to ignore. Know more here.

Jed’s opinion on the current Initial Coin Offerings is that the system does not tap the market. Autonomous next reports that ICOs have raised $9 billion over four years. However, the popularity of ICOs has led to an increase in fraudsters who take advantage of technology to raise funds leaving investors without their money. Regulators attention has been drawn on this activity.

Jed McCaleb’s Bio:

Fortress Investment Group: Providing Global Clients With Excellent Investment Services

Fortress Investment Group is a New York based alternative asset management firm that’s among the largest in the world. Co-founded in 1998 by former Blackrock Financial Management Inc. partner Wesley Edens and UBS managing directors Randal Nardone and Robert Kauffman, the company was initially a private equity firm. However, by the time it became the United States’ first large publicly traded equity firm in 2007, Fortress Investment Group had expanded its services to include debt securities, real estate-related investments and hedge funds and brought in former Goldman Sachs partners Peter Briger and Michael Novogratz to run those divisions.

The company has grown tremendously since its founding. It now has over $70 billion in assets under management for more than 1,750 private investors as well as institutional clients all around the world. Fortress Investment Group has 216 investment professionals as part of its over 953 asset management employees working in satellite offices in Atlanta, Georgia, Dallas, Texas, New Canaan, Connecticut, Los Angeles and San Francisco, California, Frankfurt, Germany, Rome, Italy, Sydney, Australia, Hong Kong, Shanghai China and Tokyo, Japan. This enables it to effectively serve its steadily expanding global client base.

A very diversified global investment firm, the core competencies of the Fortress Investment Group includes asset-based businesses, capital markets, corporate mergers and acquisitions, operations management and industry knowledge. The company is also known for its excellent permanent capital, private equity, real estate and credit investment strategies. Fortress Investment Group has vast expertise and experience with a diverse group of asset types. That includes owning, financing, pricing and managing countless financial and physical assets that create long-term cash flows.

When the Millennium Development Group needed $875 million to build the 2010 Winter Olympics’ athlete’s village in Vancouver, British Columbia, they turned to Fortress Investment Group. When the games were over, ownership of the property was given to the investment firm. Since then, Fortress Investment Group has received many accolades and awards. In 2014, HFMWeek voted the company ‘Management Firm of the Year’. Institutional Investor recognized Fortress as ‘Credit Focused Fund of the Year’ in both 2010 and 2011. In 2012, it named the company ‘Discretionary Macro-Focused Hedge Fund of the Year’ and voted the firm ‘Hedge Fund Manager of the Year’ in 2014.

The Japanese company Softbank Group Corporation was so impressed with the work of Fortress Investment Group, Softbank purchased the company for $3.3 billion in December 2017. In recognition of Fortress’ exemplary work, Softbank has stated Fortress Investment will remain an independent entity within the Softbank Group. The Fortress’ leadership team has been so effective in helping it to flourish, Softbank’s owners asked them to remain in their current roles and continue to do the excellent job they have done running the company for the past 20 years.

Fortress Investment Group recently loaned Theramos, a medical start-up, $100 million to help it remain solvent and viable. Fortress is also the parent company of Florida’s Brightline passenger rail service. It’s the USA’s only passenger railroad service that’s privately owned and operated.

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Fortress Investment Group And Good Structuring

Fortress Investment Group LLC comes from New York, New York in the United States. The Big Apple investment management company was started by the trio of Randal A. Nardone, Wesley R. Edens and Rob Kauffman. This was in 1998. The three ambitious men established it as an agency that managed private equity matters. Nardone and Kauffman at the time were a pair of UBS managing directors. Edens, on the other hand, was a BlackRock Financial Management, Inc. partner. Although Fortress Investment Group in the beginning was all about private equity, that rapidly changed. It moved into hedge fund territory not long after its establishment. It also started working on debt securities and investments that involved the real estate field. Peter Briger and Michael Novogratz were the two people who were in charge of these categories. They used to be Goldman Sachs partners. Institutional Investor called Fortress Investment Group the Hedge Fund Manager of the Year in 2014. HFMWeek called the firm the Management Firm of the Year.

This company has an abundance of asset management team members at the moment. It has close to 1,000 of them. It investment team is composed of more than 200 people. These 200 plus people have employment in locations all over the place. Many of them operate out of New York, New York, Fortress Investment Group’s primary office. There are also many who operate out of numerous international branches.

Fortress Investment Group is a full-service company that possesses many basic strengths. Its asset-based proficiency is expansive. It’s a firm that’s connected to in-depth asset-based investments. The professionals at this agency frequently aid people with financing, owning and pricing matters. They aid people with the handling of assets that are both monetary and physical in nature, too. People who are looking for help with money, capital assets and even real estate property often choose to work with Fortress Investment Group. The staff understands all kinds of cash flow subjects in substantial detail as well.

This agency is also a key player in the universe of operations management. It has polished several devices that are suitable for evaluating all kinds of strategic, structural and operational issues. These devices give Fortress Management Group the capacity to participate in and utilize power from all kinds of sophisticated and detail-oriented investment projects.

Clients who want guidance that involves capital markets often make the choice to reach out to the Fortress Investment Group team. The staff at this firm knows so much about capital markets categories. They know precisely how to attain financing that’s not hazardous. They know how to attain financing that is reasonably priced as well. They get to equity capital and debt sectors for all-encompassing analysis purposes.

This is also a business that assists people with corporate M&As (mergers and acquisitions). It has a lengthy background in this area. The staff frequently collaborates with all types of people. These include stakeholders, managers, supervisors and individuals who join corporate director boards. They try to figure out investment styles.

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