A Japan based Softbank Group acquires Fortress Investment Group

Fortress Investment Group is an organization that majors in investment management. Three partners founded the firm as a private equity firm. It drastically expanded into a hedge fund, debt security and investment management. In 2007, the company received much publicity as it was the first private organization to be traded publicly in the United States. As a result, Fortress has experienced significant growth, and by 2016 they managed over $ 70 billion worth of investments.Fortress Investment Group core competencies involve various aspects of their business management. This includes specializing in assets investing that results to significant experience and expanding expertise in pricing, financing as well as managing physical and financial assets. Another core competency includes the vast knowledge of the companies to invest in. This is one aspect that has enabled fortress to experience rapid growth. The operating team is made up of professionals and experts in determining leading companies across the globe hence allowing Fortress to invest in such organizations.

Corporate mergers and acquisitions have allowed Fortress leadership to work with the corporate board of directors, executives and different stakeholders to execute optimal investing strategies.The company is also able to access equity capital markets as well as debts. This is achieved by acquiring low-cost financing corporates. The company is also in a position to evaluate the precise value of significant investments. Fortress has continued to thrive and experience major expansion, due to its aggressiveness and success in their operations, Japan-based Softbank Group has acquired Fortress Investment Group. The acquisition that amounted to $ 3.3 billion is expected to add investment expertise to Softbank Group. However, Fortress is expected to continue its operations independently, and it also maintains its leadership, personnel and its rich culture in the business models. Following the acquisition, Fortress stock has stopped trading, and it was removed from the New York Stock Exchange. The acquisition that was closed in December 2017 indicates that Fortress financial statements will now be consolidated on the SBG which will announce the impacts after that.

The deal was closed following the agreement, and after conditions were met including transactions approval by all Fortress shareholders. The leadership behind the success of Fortress Investment Group is a combination of leaders with skills, knowledge and experience in corporate management. Randal A. Nardone is a co-founder and a principal; he has been serving as a member of the board of directors. Nardone brings in vast knowledge and experience from his previous jobs where he served as a managing director of UBS and as a principal of BlackRock Financial Management Inc. he holds a B.A in Biology and English from the University of Connecticut.Wesley R. Edens, he too is a co-founder and a principal at Fortress, he studied at Oregon State University and acquired his B.S in Finance. Edens is also a member of the board of directors since 2006. He served as a partner and a managing director of Lehman Brothers. Just like Nardone, Edens also worked at BlackRock Financial Management.

Wes Edens, a Self-Made Billionaire

Not very many people make to appear on the Forbes list of the most successful billionaires in the world. The people who do appear all put in plenty of hard work and their amazing skills to remain at the top. One such person is Wes Edens. He is the founder and the chairperson of the Fortress Investment Group. Fortress Investment Group is a leading and highly diversified global investment management who strive to create incredible returns for their investors over a long period. Wes Edens studied at Oregano State University where he pursued a Bachelor of Science degree in Finance and Administration in 1984.After completing his university degree, he began his career at Lehman Brothers in 1987.

In Lehman Brothers, Wes Edens was the managing director and partner of the company until 1993. He then moved on to BlackRock’s equity division where he stayed and became a managing director and partner until 1997. However, the defining moment for his career was in 1998 where he became one of the founding partners and key principles of Fortress Investment Group. He then went on to build the Fortress investment and accomplish remarkable things as a principal founder of Fortress Investment Group.Apart from being a co-founder of Fortress Investment Group, He is also the co-owner of the Milwaukee Bucks. Milwaukee Bucks is a national basketball association franchise that is found in Milwaukee. He also owns a team known as the League of Legends. His responsibility in the Fortress Investment Group is to supervise and manage the fortress equity business.

The Fortress Equity Business is the sector that helps clients invest in infrastructure and transportation, health care, real estate, media, and financial services. He is also a great philanthropist and gives funds to organizations that require funding assistance. Some of the organizations include Hospitals, Schools, among others.His skills and experience in the finance industry have enabled him to build for himself a considerable worth. The worth he has amounts to $72 billion all from the Fortress Investment Company he co-founded. Like mentioned earlier, he is part of the billionaires Forbes list making him one of the wealthy people in the world. His source of wealth and self-made. It comes from his dedication and determination to give his best and ensure his clients are happy and satisfied with their investments. The exciting facts about Wes Edens is that he loves basketball and that is the reason why he owns a basketball team.

Financial Advice by Chris Linkas The Do’s and Don’ts

 

Investing will be most beneficial when starting early. The sooner an individual beings to plan their retirement, the more likely they are going to get better returns on investment. People who invest their money early will likely be able to have a comfortable retirement as emphasized by Chris Linkas. This applies to both regular civilians and military members. Beginning to invest in your youth will enable you to get a head start on saving for your future retirement. There are five good reasons why you should invest your money as soon as possible.

 

When investing your money early, one of the top benefits is that it allows you to take risks. By starting your investing early, an individual can put their funds in securities that offer the highest return. Even if there is a loss, they will still have plenty of time to recover. Another good reason to invest early is that it will allow you to take advantage of compound interest. Each month and each year your funds will grow exponentially. Those who invest early will be able to establish discipline and therefore improve their spending habits. Investing early will allow you to be ahead of others when it comes to having sound personal finances. Your quality of life will also be better if you invest early.

 

Chris Linkas is a finance professional who is the current European Head of Credit. He has held this position since the year 2012 and is based in London of the United Kingdom. Linkas currently oversees a 20 person team of the European Credit Group which is responsible for a number of principal investments in the United Kingdom and other European regions. Chris manages credit securities in markets including the United Kingdom, Scandinavia, Switzerland, France, Germany, Spain, Italy and Greece. The investment areas he specializes in include commercial real estate, renewables, shipping, non-performing loans, and leases.

 

As a top finance professional, Chis Linkas is someone who can provide a lot of knowledge and guidance to those who wish to invest their money. Similar to individuals investing early, institutional investors can also benefit by investing their capital as soon as possible. This can help them grow their capital more quickly. With the assistance provided by Chris Linkas, institutional investors will be in the best position to find the ideal investment options and establish long term financial security for their organizations.

 

Check Chris Linkas (LinkedIn) account.