Fortress Investment Group is a top investment manager headquartered in New York, leading in the investment market globally. It was established by its three founders; Wesley R. Edens, Randal Nardone and Rob Kauffman back in 1998. It began as a private equity firm, but over the years, Fortress has experienced rapid growth in both its clientele and assets under management and hence developing into an alternative asset manager. Fortress made its initial public offer on February 9, 2007, an event that made history since it was the first company of its big magnitude and type to ever go public. What followed was the firm receiving numerous accolades for its magnificent performance. For instance, in 2012, Fortress Investment Group was named by an institutional investor as their “Discretionary Macro-Focused Hedge Fund of the Year.” In 2014, HFMWeek, an industry publication, said that Fortress was indisputably their “Hedge Fund of the Year.” In the same year, 2014, another institutional investor named Fortress s their “Management Firm of the Year.” This is with no doubt a clear indicator of the firm’s position regarding service delivery.
What makes Fortress unique from other investment managers is the fact that the firm is guided by five core competencies which act as their strong pillars. These are; effective operations management, capital markets, extensive industry knowledge, asset-based competencies and also corporate mergers and acquisitions.For instance, in the middle of the year 2017, SoftBank Group Corporation announced that it had completed the acquisition of Fortress Investment Group LLC for cash amounting to $3.3 billion. This transaction was completed after all receipt of regulatory approvals from the relevant authorities and also approval from the shareholders of Fortress Group. Following the close of the acquisition, the ownership of all the outstanding Fortress shares was transferred to SoftBank Group and its fully-owned subsidiaries. Also as a result of the acquisition, Fortress common stock stopped trading with immediate effect and subsequently delisted from the New York Stock Exchange. Following this too, each outstanding Fortress share of class A was converted into a right to receive $8.08 per share in cash.
About Fortress Group
Fortress Investment Group is a chief investment management firm operating internationally. It had a total of $43.6 billion of assets under management by the close of the year 2017. The firm operates in alternative asset business, with the main types of assets they hold being private equity, hedge funds, credit funds, liquid markets and traditional asset strategies. Fortress invests and manages assets on behalf of more than 1,800 private and institutional clients globally.
Amongst the alumni of the prestigious University of Pennsylvania’s Wharton School of Business, Peter Briger is one. He obtained his Master in Business Administration (MBA) here after completing his undergraduate degree at the Princeton University. Truth be told, before or even during his graduation, Peter could never have imagined himself having all the life achievements that he has today.His early career life was characterized by discipline and tenacity. After obtaining the Master Degree, Peter Briger joined Goldman Sachs & Co., a reputable investment banking company. Here, he performed various operational, management, and leadership functions. Through the application of the vast theoretical knowledge and also with a combination of hard work, Peter was able to gain enhanced expertise in foreign investments, distressed debt, real estate, trading, and loans.
All these could later become the prerequisite for his success at the Fortress Investment Group.Still, at the Goldman Sachs, his proficiency in finance became incredible. This saw him become a partner with the investment bank, a short while before leaving for Fortress in 2002.Immediately after Moving to Fortress Investment Group, his leadership impact begun to be felt. He was the co-principal, alongside two other principals. At this time, the total assets under management of Fortress Group amounted to a miserable $400 million. A few years later, the Group’s portfolio had sharply risen to $3.9 billion and further to $32 billion by 2007. No wonder the prime focus on distressed assets during his tenure at Goldman Sachs.
Still in the same year 2007, under the leadership of Peter Briger, Fortress Investment Group announced its Initial Public Offer, despite being an alternative asset management company. This was an unprecedented event that made history internationally since no other company of its type, and size hade made a similar move prior. As a result, Fortress publicity skyrocketed and also later won some industry performance based accolades. For sure, the 15 years’ experience that Briger gained at Goldman Sachs turned out to be oxygen for Fortress.The outstanding nature of Peter Briger makes him more than adorable. Besides his professional engagements, he also participates in philanthropic activities and other forms of social responsibilities. For instance, Peter has a passion for helping the needy children that come from underprivileged families. He is also a staunch believer of education. He strongly believes that the ultimate way to alleviate poverty from any society is by educating its members. Due to this, he also funds education for the poor children who may not afford it.
Wes Edens is a successful American businessman most well-known for his involvement in the founding of the Fortress Investment Group and being the owner of FlyQuest and Milwaukee Bucks. Wes Edens graduated from the Oregon State University, and he received a degree in business administration and finance. After he graduated from the university, he tried to apply for a job, and the Lehman Brothers hired him. Wes Edens started to learn more about the business industry and securing a position at the Lehman Brothers helped him increase his knowledge of how the financial world works. He would be working with Lehman Brothers for six years until a better opportunity from the BlackRock Asset Investors came. He left his first company for a better opportunity and thanked everyone who has mentored him to become better.
He will be working for the next four years as a managing director for the BlackRock Asset Investors, and during his stay with the company, he perfected his knowledge on how an investment would grow in the shortest period possible. He would, later on, require his colleagues to establish a new company in 1998. The Fortress Investment Group was created because Wes Edens and his colleagues thought that a financial firm would earn the most considerable profit. They were never mistaken with the decision to establish the Fortress Investment Group, as the company started to become profitable in a matter of months. Many investors have seen the potential of the company, and it rained investments.
After earning a lot of money from their business, Wes Edens and his colleagues decided to offer the company for trading, and they debuted at the New York Stock Exchange in 2007.More than $600 million were traded away to the public, equivalent to almost 8% of their total shares. Back at the Fortress Investment Group, he was promoted to become a co-chairman of the board of directors, helping their company to survive the global recession in the late 2000s. Knowing that he could still earn more, Wes Edens decided to invest in sports. He bought the Milwaukee Bucks and FlyQuest, and he manages their games. He promised a new arena to be built for his team, and he sponsors the players who are traveling around the world to battle. Wes Edens contributed a lot to the growth of their company, and he is attributing all of their success to their cooperation and desire to become the best in the industry.
Investing for short and long term may seem easy at the outset, but when it comes to investing billions of dollars, there is a lot of risks and future projection involved. The companies that maintain hedge funds and offer investment management services have dedicated research and analytics team that works round the clock to predict market movements. It is necessary for the investment managers to be able to speculate which direction the markets would be moving to ensure that the clients’ money and investment goals are safe and met respectively. It is not an easy thing to do when handling hundreds of millions, because markets are unpredictable, especially the equity markets. However, by diversifying the investments and ensuring that the investments are monitored closely, the financial security and objectives can be achieved with ease.
One of the most successful investment firms in America today is Fortress Investment Group. The company was set up in 1998 and has its head office in New York City. The founder of the company is Wes Edens who is a graduate of the Oregon State University. He has a degree in Finance and Business Administration. His first job was with the Lehman Brothers where he was a partner, and also it’s MD. But, later he joined a start-up with the name Black Rock and helped the company become successful in a matter of few years. He then left the company to develop his own investment firm, Fortress Investment Group. He wanted to use his skills and knowledge to grow his own wealth rather than work as an employee for other investment companies.
Within a few years after its inception, Wes Edens was able to grow the assets of the company by a massive 40%. Wes Edens has a unique management system in the Fortress Investment Group. The company follows a flat organization structure that allows its members to communicate with each other openly. Wes Edens believes that the employees have to be treated well if anyone wants their organization to grow. A company is made by the employees working there and not the other way around. The company believes in providing the best pay structure and benefits to its employees so that they are able to provide the best environment where they can flourish in their careers. Wes Edens has always believed its employees to be an asset and ensures that everyone gets an opportunity to grow.
Fortress Investment Group came out to the public stock exchange market for the first time in February 2007. The initial public offer (IPO) made Peter Briger Jr. an official dollar billionaire. All his shares were at the time worth a total amount of $2 billion. Briger Jr. had a total of 66 million shares in Fortress Investment Group which is currently a publicly traded company on the New York Stock Exchange. Unfortunately, there was a recession for the high water mark for Mr Briger. As of 2018, Fortress Investment Group’s shares have decreased exponentially to 74% since the initial public offer. Briger only owns about 44 million of the shares in the company which are worth just over $350 million. Briger remains an elite player of personal asset investment in the shadows despite the significant hit to his net worth.
In this article, we are going to illustrate how Briger ascended to the top of this secret corner in the world of asset investment. In 2002, Briger joined Fortress Investment Group after spending over 15 years at Goldman Sachs. Briger joined the team at Fortress to lead the debt securities and real estate businesses. This was at a time when the company was determined to diversify from its primary business of private equity. Today, Briger serves as the co-chairman of the board of directors and as the Principle of Fortress Investment Group. Peter Briger’s wealth has been built on his expertise to trade stocks and assets that are not attractive to investors. For many years, Briger has specialized in distressed debt. His expertise in distressed debt was put on display after he co-founded the Special Situations Group at Goldman Sachs.
This was back in 1997.The group was famous for its incredibly secretive operations which yielded trades that were highly profitable. During the past decade, Goldman’s Special Situations Group has received credit for being the core driver of the company’s revenue. Just to tell you how this group has been successful, Goldman Sach’s co-founder left the company back in the year 2007. Mark McGoldrick said that he was he was Getting more returns as compared to his $70 million annual salary at Goldman Sachs. During their peak days at Goldman Sachs, McGoldrick, Briger and their colleagues purchased and sold troubled mortgages in Japan, car loans in Thailand, commercial aircraft, a South Korean beverage company and a British power plant. The idea in all these endeavors was the purchase of assets that were not attractive to the majority of the investors.
Highland Capital Management is known for being an SEC-registered investments advisor. Along with the help of their affiliates the company has been able to achieve over $15.4 million in assets through the years. James Dondero and Mark Okada proudly founded the company in 1993.
Since being established Highland Capital Management has made a name for themselves as being the most experienced and the largest global alternative credit managers. The company is able to specialize in credit strategies, long-only funds, collateralized loan obligations and many more services. Highland Capital Management (HCM) is able to maintain offices in Singapore, New York, Sao Paolo and also Singapore. Their headquarters, however, happens to be in Dallas, Texas. Read this article at Dallas News.
With Highland Capital Management they always strive to put their community first. They proudly invest in more than just the simple financial markets. They do this by taking the community where their employees happen to work and live and they invest in these communities. However, they do not simply invest through only money but instead through advisory board involvement and volunteerism. Their company has since 2005 committed well over $10 million to different organizations all across the world.
In 2010 Highland Alternative Investors were given the chance to be able to acquire the small-cap Equity Fund from the GE Asset Management. This was one achievement that the company’s investors were more than excited to make. The company through the years have been able to develop strand bonds with tons of their customers and plans on continuing to do this for as long as the company possibly can. Learn more about Highland Capital at Affiliate Dork.
James Dondero is a seasoned professional who works in the investment field. He’s been working in the equity and credit universes for three decades and counting. He’s Highland Capital Management, L.P.’s proud and motivated President. Dondero guides Highland Capital Management in all sorts of matters that relate to solutions and products that cater to the needs of retail and institutional investors alike. The firm is equipped with roughly $13.5 billion total in managed assets. It works with numerous affiliates as well. These notable affiliates are NexPoint Capital, NexPoint Advisors, Acis Capital Management and finally, NexPoint Residential Trust.
James Dondero is an alumnus of the University of Virginia in beautiful Charlottesville, Virginia. Charlottesville is in the central region of the state. He started working as an analyst back in 1984. He, at that time, earned acceptance into a training program that was run by Morgan Guaranty Trust. That was right after he completed his studies at the McIntire School of Commerce. This school is part of the aforementioned University of Virginia. He studied financing and accounting. He graduated with Beta Alpha Psi and Beta Gamma Sigma honors, too. Read more about James Dondero on Bloomberg.
Dondero became a part of American Express in the middle of the eighties. He landed a position with the large company as a painstaking corporate bond analyst. He soon after that landed a job as a portfolio manager. He then was responsible for a whopping $1 billion. He took care of these fixed income funds like a champion. He made the decision to exit his position with American Express at the end of the eighties. His time there ended in 1989. Visit Nexbank.com to know more about James.
This professional for a while served as the CIO (Chief Investment Officer) of the GIV sector that was set up by Protective Life. This was a subsidiary that was created in 1989. Dondero helped make the sector a major success. It expanded to an impressive $2 billion while Dondero was working for it. Dondero worked for this company not long before setting up Highland Capital Management.
Life Line Screening targets several major areas of the body. The screenings look closely at the major arteries running through the body: the carotid artery running through the neck leading to the brain, the abdominal aorta from the heart through the chest to the limbs and the peripheral arteries leading to the head, organs and limbs. The screenings check for blockages or plaque buildup in the veins and more information click here.
The carotid artery screening is an ultrasound that looks for blockages in the two arteries running from the heart through the neck to the head. This screening is referred to as the stroke/carotid artery disease screening. This disease is characterized by a blockage within the arteries in the neck which stops blood flow to the brain commonly referred to as a stroke.
A Doppler ultrasound bounces high-frequency sound waves off circulating red blood cells thus producing images of the flow of blood in the veins. This non-invasive test takes a few minutes to perform and is conducted by pressing the ultrasound device against the neck. The images are then projected onto a screen for the ultrasound technician to see and any abnormalities can then be spotted by the doctor when he or she examines the results and learn more about Lifeline Screening.
There are often no prior symptoms of carotid artery disease. Many times, the condition is discovered after the patient experiences a mini stroke or a transient ischemic attack. Many doctors will use their stethoscope to listen for the whooshing sound that indicates an obstruction of blood flow through the neck, but this is not entirely conclusive. The symptoms that might suggest a problem would be symptoms of a stroke such as numbness of the face and limbs, severe headache, vision trouble, dizziness and difficulty speaking and Lifeline Screening’s lacrosse camp.
If the results of the ultrasound indicate that there is a blockage, the medical procedures are a carotid endarterectomy and carotid artery angioplasty and stenting are used to treat carotid artery disease. The carotid endarterectomy is an incision in the neck reaching the carotid artery, a second incision is made into the blocked part of the artery and the inner lining of the artery is removed. The carotid endarterectomy is typically used for carotid arteries that are blocked by at least 50 percent. Carotid artery angioplasty and stenting widens the arteries by threading a deflated balloon into it and then inflated it before a stent is placed in the artery for support. This prevents the artery from narrowing.
The stroke/carotid artery disease screening can reveal the potential for a stroke before it happens. Lifestyle changes could then eliminate the problem before it has to be treated with medical interventions: quit smoking, exercise, eat healthier, drink alcohol in moderation, lose weight, monitor blood pressure and reduce stress. With a Life Line Screening you could have a healthy long life. Without one, you may suffer and have a life with health concerns or even experience an early death.
Mr. Troy McQuagge is the winner of gold in the coveted One Planet business and professional excellence awards. He was recognized the CEO of the year in the awarding ceremony that was held last year. Mr. Troy McQuagge was recognized for his role in turning around the USHEALTH Group since he took reigns in 2010.
Mr. Troy McQuagge focused on re-building the USHEALTH captive distribution agency which has paid out well. His accomplishment in re-tooling Advisors led McQuagge to be elected the CEO and the president of USHEALTH in 2014. Since he took over reigns at USHEALTH, the company has experienced tremendous growth, success and high profits in the competitive individual health insurance market.
While speaking during the awarding the ceremony, McQuagge said that it is an honor to receive one of the most competitive global awards in the industry. He attributed his success to the corporation with all the staff at USHEALTH that has made it easy for him to perform his role as the president of the company. He also noted that USHEALTH has embarked on a mission to make health insurance affordable to all Americans by providing them with tailored products that seek to address their specific needs. He said that part of company’s success resulted from the increase in the number of insurance products sold since he took over as the President of the company.
One Planet is a premier global accolade that seeks to recognize the efforts of professionals who are doing an exceptional job in their respective fields. Companies from around the world are eligible to submit their nominations for review by the awarding body. Several companies compete for this award and his Twitter.
About Troy McQuagge
Troy has been the president, CEO and a member of the Board of Directors of USHEALTH Group since 2010. Due to his outstanding performance in the company, he has risen through the ranks to serve in a similar position even in the subsidiaries of USHEALTH Group. Mr. Troy McQuagge began his career more than three decades ago with the Allstate Insurance Company. He later joined the Student Insurance Division of the United Insurance Companies in 1995. Due to his outstanding performance, he was named as the president of UGA, one of the UICI’s Agencies.
Founded in 1999, Cone Marshall is one of the best-rated law firms in New Zealand and it is due to the services the firm has been offering in tax and estate litigation that have exposed them as reliable providers of legal services. Since inception, the Cone Marshall has gone through a curve of development and changes that have led to the attainment of success in various proportions. The company has been offering services to clients from different jurisdictions including overseas countries, who want to solve problems related to tax and estate litigation.
One of the reasons Cone Marshall has emerged as a reliable force in the resolution of such issues is because the company works with dedicated professionals who have been in the legal industry for many years. They also have a training program that allows their professionals to learn about current practices in the industry. Most importantly, Cone Marshall uses the latest technological features to manage different processes, something that has marketed the company as a leader due to the effectiveness and reliability this automation has brought.
To attain the great position the company enjoys, its leaders have been a key element in the long journey. They are professionals who have been in the industry for more than three decades working with clients in different specialties. One of the professionals who have been vital in the management of Cone Marshall to attain international status is Karen Marshall, a professional lawyer who has worked in the legal industry for more than 20 years.
Since 2005 when she joined Cone Marshall, Karen has focused on offering services that can elevate the company to attain international status. She brought more than 10 years of experience having worked oncommercial litigation casesfor a long time. Her wide experience in managing trusts places her at a prime position to handle the problems presented by clients on daily basis.
She works closely with Geoff Cone, who began practicing in 1980. Geoff Cone offers services related to international trust and tax planning and his position at Cone Marshall has allowed the company to proceed towards the attainment of its goals. He is consulted on major problems owing to his experience and knowledge. Geoff has always advocated for honesty and integrity as a part of managing the company and this has ensured clients enjoy honest and reliable services that are aimed at catering for their specific needs.