He is an enterpreneuer, co-founder of private equity firm The Riverside Company, founder and principal of financial institution Fortress Investment Group LLC. He was previously a partner at Lehman Brothers Holdings Inc. He is also an owner of the NBA’s Milwaukee Bucks, the Nashville Predators, and a member of the board of directors for Apple Inc.
Edens’ net worth was estimated at $2 billion in 2013 by Forbes. One of his most famous deals was the purchase of the Milwaukee Bucks basketball team in 1994. In 2006, he purchased the NFL’s Atlanta Falcons, before selling that team to Tony Rizzo in 2007. Edens co-founded Fortress Investment Group with former Lehman Brothers executives Robert (Bob) Kauffman and William Conway. Fortress Investment Group was founded in 1998 and specializes in alternatives including hedge funds, private equity, real estate development and private debt investments.
Edens is also a limited partner in the Memphis Grizzlies and the owner of a Major League Soccer expansion franchise set to begin play in 2020.
Wes Edens has been married to Lynn Edens since 1978, and they have two sons, Wesley Roth and Peter James. His son Peter is an alumnus at Duke University and his older son Wesley played football for Duke University as well. Wes Edens’ brother Richard Edens founded The Hartford Steam Boiler Inspection and Insurance Company and is a director at Eden Rock Hotels & Resorts.
The main objective of this essay is to discuss the advantages and disadvantages of hedge funds, when compared with other forms of investing. It describes four ways in which hedge funds can be used as sources of investment income, and also discusses the benefits that hedge funds offer over these four types of investment vehicles.
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