Innovations have led to the emergence of modern investment management firms that have stood the test of time. Some of the leading investment firms have gained roots in the United States of America and have opened branches in other parts of the world. Randal Nardone is the co-founder and principal director at Fortress Investment Group LLC. This is a position he has been holding since 1998 when they established the company. Randal is a graduate of English and Biology from the University of Connecticut. Due to his educational background and professional skills, he has been a member of different boards of companies. For instance, he has been a board member of Brookdale Senior Living, Springleaf Holding, New Residential Corp among others.
Fortress Investment Group was initially established as a private company, but due to demand, it later traded as a public company in 2007. This led to increased financial gains, and in 2015, the company’s top executive management received bonuses running to millions of dollars. Some big beneficiaries of the bonuses were the co-chairmen Peter Briger who received $22.6 million and Wesley Edens who received $12.7 million respectively. As the Chief Executive of Fortress Investment Group, Randal Nardone was entitled to $8.5 million as a bonus. Fortress Investment Group has been instrumental in the establishment of regulations governing Bitcoin exchange. The company brought together expertise from some of the largest and established hedge funds in the US who held a meeting at Fortress headquarters in Manhattan.
Randal Nardone has been instrumental in the development of the company into its current state. The company has diversified in its operation, and currently, it manages $43 billion of assets. The company has increased in the number of direct investors in private equity, hedge funds and permanent capital vehicles totaling over 1750. This has brought significant change in the management structure and service delivery. Fortress Investment Group is headquartered in New York and has increased the number of employees to over 900. Through the leadership of Randal Nardone, the company has been able to establish a robust area of operations management. The company specializes in the structural, strategic and operational evaluation. In its 20 years of operation, the company has been instrumental in the establishment of the lasting relationship with notable corporate companies and institutions. Randal Nardone has developed a good working relationship with his staff that has given him an upper hand in scaling the company to higher levels.