Fortress Investment Group: A Short Bio

Fortress Investment Group, an investment management firm, manages alternative assets in private equity, liquid hedge funds, and credit funds. They are headquartered in the Greater New York Area and was founded on January 1st, 1998. The founders include Rob Kauffman, Randal Nardone, and Wes Edens. The Fortress Investment Group has been and continues to be a trendsetter in the investment management world. This is evident, especially, due to the company’s IPO in 2007, making it the first large-scale private equity firm to go public on the NYSE. All three of the founders have brought with them experience from highly renowned firms such as Goldman Sachs, Lehman Brothers, UBS, and BlackRock Financial Management. The amount that the company is worth and the value of their assets under management has also drastically increased since 1998. This gain was approximately $3.5 billion from 1998-2003.

Today, Randal Nardone and Wes Edens continue to be involved with Fortress Investment Group affairs, while Rob Kauffman decided to leave after some time with the company to work on his hobbies including car racing. Currently, the company is also increasing it’s public relations by involving itself in the further development of Times Square. Reported in September 2018, Fortress Investment Group along with Maefield Development bought out the property of 20 Times Square. The company was also purchased by the Japanese company, SoftBank Group, in 2017 for $3.3 billion. One of the reasons for the purchase of Fortress includes their business model. The model presents predictability and stability in relation to management fees. Also, Fortress places importance on balance sheet investment monitoring. This shows that Fortress is able to make strategic choices, which is why SoftBank Group chose to buy out Fortress. The Fortress Investment Group is currently using direct-lending funds to boost offerings to investors through a private credit effort. Since the company is beginning to realize the benefits of private credit markets, the demand for open-end asset funds has risen to $500 million.

Learn more: https://en.wikipedia.org/wiki/Fortress_Investment_Group

Southridge Capital LLC’s Founder Endorses Cryptocurrency as a Lucrative Investment Scheme

Have you been looking for a rewarding investment opening worth trailing? If yes, Stephen Hicks, Southridge Capital LLC’s chief executive officer states that the cryptocurrency industry would be a brilliant scheme for you.

 

Who is Stephen Hicks?

Mr. Stephen Hicks is the founder of Southridge Capital LLC, an investment group headquartered in Connecticut. Southridge cooperates with a pool of gifted investment experts who guide portfolio companies through the puzzling investment industry.

Besides investment consultancy, the private equity firm serves its clients with financing, credit amendment, bankruptcy advice, company restructuring, and securities brokerage services.

 

Southridge Capital LLC’s CEO’s thoughts on the cryptocurrency industry

A few years ago, the cryptocurrency industry was bordered by a negative hype that dispirited people from trailing the investment opening. Most venture experts branded it as a scandalous high-risk investment scheme with a lot of misconstructions.

However, nowadays, the trend has changed. Giant financial companies, former critics, and other reputable investors have endorsed cryptocurrency as a legitimate scheme that is worth the chase.

According to Mr. Stephen Hicks, Southridge Capital’s CEO, cryptocurrency would be the next most lucrative investment scheme. You can visit southridge.com for more info

Why is cryptocurrency gaining such powerful traction?

As stated by the Southridge Capital LLC’s CEO, cryptocurrencies have been gaining grip due to the audacity taught by the industry’s trendsetters. For instance, giant banking service providers like Barclays, and Citi Bank have publicized that they are looking for ways to integrate cryptocurrencies into their regular banking services.

Besides the banking service providers, major investment companies like Intercontinental Exchange, Wall Street, and Goldman Sachs are in the brink of releasing a platform that could allow venture capitalists to trade on different cryptocurrencies.

Southridge Capital LLC’s CEO contends that the trend shows that cryptocurrency has the potential to yield excellent proceeds. It could be the primary reason why principal investors are hopping into the cryptocurrency bandwagon.  For more detail you can checkout linkedin.com

Stephen Hicks’ final views on the cryptocurrency industry

Mr. Hicks says that the cryptocurrency industry is here to stay. The sector could replace the government-controlled currencies. Savvy investors who wish to venture into this money-spinning opening could start a channel that brings cryptocurrency investors together.

 

 

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