Fortress Investment Group has been at the helm of assisting the investment management industry to enhance the customer service delivery for its clients since the organization was established. The main goals and objectives that the company has been pursuing are to equip the market with the right understanding and attitude that will enable the industry players to play their role in the industry more successfully.
Fortress Investment Group acquired a significant number of benefits that other companies were not getting at this time. One of the main benefits that this organization got was cutting down on its expenses. It is evident that a significant number of financial entities have a large number of employees who handle multiple activities. A single computer could easily handle a single task that is undertaken by a large number of workers.
This is the reason as to why Fortress Investment Group came into the market. The company started strategizing on how it will be dealing with customer inquiries, customer requests, and customer complaints. Prior to this period, no company was willing to take responsibilities for its own mistakes. Therefore, by agreeing to take responsibilities and come up with solutions, Fortress resembled a company that a significant number of customers had never seen.
The founder of Fortress Investment Group, Randal Nardone, was working in other wealth management company before founding his own organization that was operating in the same area. However, he witnessed a lot of inefficiencies and poor flow of operations and activities within the company since there was no technology. After starting his own company, Nardone incorporated technology in all organizational departments with the aim of making the company one of its kind in the industry.
The second strategy that the company implemented was ensuring that it had a customer care department, which was specifically made and staffed with qualified members of the necessary tools and equipment to deal with customer complaints. To make the department easy to access, the company ensured that it was based in ground floor of its apartment. This means that every person intending to get any services would get without much movement.
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Time and time again, Peter Briger has proved to be an incredibly priceless asset for one of the leading asset management firms, Fortress Investment group. Ever since he made his way to the company, Peter has done nothing but bring success to it a factor that has seen him get rewarded generously. For instance, today, Briger is among the wealthiest people in the world and was even ranked on Forbes elite list of the top 400 business professionals.
How did he get here?
Peter Briger did not wake up to find himself as head of Fortress’s credit and real estate department. Instead, he has had to smart his way up through sheer hard work, excellent leadership skills and dedication. He cast the sails for his career at Princeton University where he earned his BA before moving to the University of Penn where he graduated with an MBA. Fresh from school and with freshly instilled skills, Peter joined Goldman Sachs &Co which was then still in its development stages. His involvement with the company helped grow it, and today it is among one of the most recognized firms in undervalued assets.
Peter’s fifteen years at the company helped set the foundation for his career at Fortress as he was involved in real estate and credit businesses, thus making him the ideal candidate for FIG’s credit division. He also served various committees such as the Asian management committee a factor that made him even more valuable to Fortress as he had the connections that would help the company achieve its objectives.
Fifteen years later, Peter Briger joined Fortress as a manager but with his level of prowess, he was soon appointed principal, and since then he has never looked back at all. Through the credit division which he heads, Peter Briger in conjunction with the other two principals continues to set the pace for other asset management firms. Today, Fortress manages assets of more than 1750 investors in different sectors which are worth approximately $65 billion and had grown into a global conglomerate with over 900 employees.
When he is not busy being head of Fortress Investment’s credit fund, Peter Briger is often busy giving back to the community. For instance, he is one of the main sponsors of the Princeton’s alumni entrepreneurs funds, which seeks to ensure that those who complete their studies at the facility achieve self-reliance by funding their startup ideas. Briger is also a member of the Silicon Valley leadership council, a platform dedicated to alleviating poverty and is part of New York’s central park conservation team.
Eric Lefkofsky has been helping people in the Chicago area for years through various philanthropic ventures. He and his wife created the Lefkofsky Family Foundation that focuses on health, education, human rights, and the arts. Here are some of the fruits of their efforts. They have a website called High School Bound that offers information on different high schools in Chicago. Success Bound helps school counselors improve their student’s attendance, grades, and high school advancement. 10,000 students have been helped through the program. The Academy for Urban School Leadership has trained more than 1000 teachers to work in schools with the lowest performances through its’ Chicago Teacher Residency program. 31 schools and 17,000 students have benefited from these efforts.
After School Matters has helped 200,000 teenagers through its’ after-school and summer programs. The kids learn science, sports, and technology through hands-on training. Teach For America Chicago has recruited 210 principals and 1000 teachers that instill educational excellence in 125,000 students. The American Brain Tumor Association is a nonprofit organization created only to fund research and provide resources to patients with brain tumors. The John Hopkin’s Sidney Kimmel Comprehensive Cancer Center treats the most patients with pancreatic cancer in the US.
Their researchers try to find better ways of treatment, and hope a vaccine will be available soon with support from the LFF. The Ann and Robert H. Lurie Children’s Hospital of Chicago has the Lefkofsky Pediatric Intensive Care Unit that helps 1600 patients annually. Liz and Eric Lefkofsky Innovation Research Awards are given to investigators of cancer research at Lurie Cancer Center in Chicago. It is located in Northwestern University. Chicago Ideas invites 1200 high school students to their public events. Speakers, businesses, and member of the local community teach them about the different opportunities they have for the future.
Over the years the economy has changed, the cost of living has become higher, and there is a growing need to increase in wealth. Owing to this many investment groups have been established to ensure citizens are aware of their financial status and have relevant knowledge on ways of investing.Fortress investment group deals with investment management and is based in New York and has over the years worked to ensure people are aware of the investment opportunities. The firm was founded in 1998, as a private entity firm. It has since grown to become one of the largest private equity firm. In 2016, the organization had about $70 billion in assets.
Some of the areas that Fortress Investment Group specializes in include. Operation management, one of the things that has lead to the success of Fortress is their ability to manage and evaluate operations in the company. For any financial organization to make it, it is essential to put in place policies that ensure that the company is running smoothly and transparently.Specializing in operations management has also given the company a lead since they have concentrated on research to ensure their set up is effective.The second areas of expertise is the asset-based investment. The company has concentrated on assets that bring long-term returns, some of these assets include real estates and financial vehicles.
The company is skilled in pricing as well as financing.The value of an asset is highly dependent on the management firm. Fortress group ensures they carefully evaluate the value of the asset before making any final decisions to ensure the customers get the best returns.Managing mergers is also another area of expertise for Fortress Investment Group, many years in the financial industry has seen Fortress grow, the company has seen changes in the economy as well as how changes in policies can affect the productiveness of a company. Owing to this knowledge the company can make mergers that bring the highest profit to the clients.Fortress Investment Group aims at ensuring their clients are financially empowered, and they have invested in providing the best services making them among the best in investment management.
Randal Nardone is a teacher by profession who acquired his teaching qualifications degree in English and Biology from the University of Connecticut. He is a Co-founder of Fortress Investment Group, asset management and investment group that offers investment advice to private clients while participating in private businesses of buying and selling assets. Currently, Nardone is the sitting Chief Executive Officer of Fortress Investment Group where he has the responsibilities of overseeing and managing more than $43.6 billion worth of assets. Randal is in charge of all financial and legal matters at Fortress Investment Group while at the same time taking charges of Fortress Credit Corporation and Fortress Credit Investment Fund IV.
It is also worth highlighting that he serves as the Director of Fortress Registered Investment Trust. His previous work experience was at UBS where he held the director’s position between 1997 towards the middle of the following year. Additionally, Randal Nardone has served as an executive committee member at Thacher Proffitt and Wood. Nardone has been a board member in various entities where he has been offering critical support to the development of companies. Some of the organizations where he has operated as a board member include the Brookdale Senior Living, Eurocastle Investment, and Gagfah. He is an Executive Management Member of New Residential Investment Corporations. Moreover, Nardone has been serving as the President of NCS and the vice president as well as secretary in Newcastle Investment Holding.
It is worth highlighting that Randal Nardone serves in other boards of directors in different organizations. His greatest achievement is the formulation of Fortress Investment Group which offers asset management to its clients around the United States. The organization has a high reputation in the industry due to the expatriate services it offered to its customers. Despite buying low-value assets and selling them later at large profit margins, Randal Nardone is credited due to his ability to register Fortress Investment Group at the New York Securities Exchange. Fortress Investment Group became the first asset management entity to be registered for public trading changing the dynamics of the industry. Lastly, Randal Nardone is a billionaire and has been listed in the Forbes Billionaire’s list in the year 2007. During this period, Nardone was estimated to have assets worth more than $1.8 billion. Surprisingly, Nardone achieved this mark after the organization went public with its initial public offering in the same year. Randal ranks 557th billionaire on the Forbes Billionaire’s list across the globe.
Igor Cornelsen is among the Brazilians who have been making headlines in the international community. The finance executive has been helping his country to deal with the many challenges that have been brought by the changes in the economy. Igor Cornelsen was born and also raised in Brazil, and he went to study engineering at the university. While pursuing this degree, however, the finance executive felt that he was not happy with the career, and he chose a different path. Although he did not change his school, the businessman felt that a career in economics was better and this is why he ventured into the finance department. Many years later, Igor has all the reasons to smile. This industry has brought him a lot of fame and so many achievements.
Finance is not a field that can be compared to all the others in the market. There are many challenges to deal with, not forgetting the many hardships that come with handling finances. People who are not honest find it very hard to deal with this department, and they are forced to resign from their positions so that they can pave way for reforms. Igor Cornelsen knew everything about this department, but he felt that this was the only industry that was going to profit him.
Brazilians have had a rough time in the recent times. The economy of the country failed to grow for a very long time, and this meant that most of the businesses in the country were getting problems. The financial crisis had just ended, and the country was in the process of getting back its former glory. There were many financial experts in Brazil, but none of them offered any advice to the government concerning the economy. Igor Cornelsen took this opportunity to assist the government by using his expert skills in business to make sure that everything went back to the old ways. The role played by the finance executive during this time made him very popular. The finance executive felt that the country needed a new finance minister who knew about the industry well so that everything else could flow in the right direction.