Brian McDaniel

Aspire to Inspire

American expense management firm Fortress Investment Group is based in New York. Wesley Edens, Rob Kauffman and Randal Nardone created the company in 1998. Between 1999 and 2006, investment in private equity increased by about 40%. The company was the first private equity fund registered by New York Stock Exchange market.

In 2014 The Investment Group got recognized as a top Hedge Fund Manager. It earned the title Discretionary Macro-Focused Hedge Fund of the Year. The company also got the Credit-Focused Fund of the Year award in 2011 and 2010.

In the fall of 2014, Jeff Feig, the global head of foreign exchange at Citigroup, got hired by Fortress. Still, the firm announced that $2.3 billion Macro Supply would close and issue its assets to owners. This change happened after Feig left his position as the fund’s co-CIO in July 2015.

Fortress Investment Group operated four businesses with a combined value of over $70.2 billion by 2016; they included Credit, liquid trades, private equity, and asset management. The future acquisition of Fortress Investment Group LLC by Softbank Group for $3.3 billion was finalized in 2017. In December, Softbank Group Corp. paid $3.3 billion to complete the acquisition of Softbank.

The Brightline West building is receiving extra funding from Fortress Investment Group. News reports from January 2018 stated that Fortress had promised to sell its investment in Apollo Global Management. On January 5, fortress investment made compliance with Varde Associates also participating in the sale. Fortress increased the size of its investment in the Japanese firm Unizo to around $1.6 billion in 2020 to know more click here.