Fortress Investment Group has recently been confirmed acquired by Soft Bank Group Corporation. The investment giant was sold for 3.3 billion after having an unbeaten run in the industry.
Fortress Investment was established in 1996 under the partnership of five powerhouse investors. It is a leading, highly differentiated investment firm handling assets worth more than thirty-six billion dollars. It manages the assets of close to one thousand seven hundred and fifty clients both in the global private and public industry. Fortress will henceforth run as a private entity with headquarters in New York under Softbank Group.
Among the executives and stakeholders that benefit from the sale of Fortress Investment Group is Randal Nardone who served its interim Chief Executive Officer in 2011 and permanently awarded the position two years later.
Randal is a graduate of the Connecticut University with a B.S and the Law School of the University of Boston with a Doctor of Jurisprudence. The lawyer turned investor is a co-founder and former assets manager of the Fortress Investment Group. He also previously served as Fortress Investment’s Chief Operating Officer and also handled the firm’s legal affairs and oversaw its financial structure as well.
Currently, Randal Nardone is a member of the board of directors at Eurocastle Investment Limited which is an investment corporation that deals with non-performing loans as well as real estate assets in the state of Italy. He is also a member in the board of the Springleaf Finance Corporation and Springleaf Finance Inc., the Alea Group Holding Limited, Brookdale Senior Living Inc. and the GAGFAH S.A.
Randal Nardone is a former managing director of UBS and an executive of the Black Rock Financial Management Firm. He also holds previous positions as a partner and member of the committee of executives at the Thacher Proffitt and Wood Law Firm. The 61-year-old was ranked 557 in Forbes list of the World’s top billionaires in 2007with a net worth of 1.8 billion dollars which he has accumulated as an investor and hedge fund manager. Randal is married with one child and enjoys constant sporting activities with his family.
Learn More: www.marketswiki.com/wiki/Randal_A._Nardone