Over half of all United States residents save up money they earn through working and convert them into assets that are likely to appreciate – increase in value over time – in coming years; such assets include financial instruments like stocks and options, commodities like corn and wheat, private real estate buys, and even cryptocurrencies like Bitcoin and Ethereum.
Most people trust their assets in the hands of local financial advisors, portfolio managers, and other “money guys” – for lack of a better name. While these options are almost certain to leave one’s assets in safe hands, alternative wealth management is another type of financial services company that grosses greater returns than the “money guys” – and gals – mentioned above. Many corporations and private investors alike trust Fortress Investment Group.
Fortress Investment Group is an alternative investment management firm operated out of New York City, New York. It had just short of 41 billion United States Dollars’ worth of assets under its umbrella of portfolio management at the close of the first quarter of this year. Fortress has established itself as being one of the best private equity firms in the entirety of the United States.
The organization currently does business with roughly 1,500 clients; most of these 1,500 clients are, in fact, institutional investors, whereas the rest are private, personal, individual investors.
Who’s at the top of Fortress Investment Group?
When the business was created in 1998, Wes Edens – also known to many as the partial owner of the National Basketball Association’s Milwaukee Bucks franchise – Randal Nardone and Ron Kauffman were the three principals of the organization. In 2012, Kauffman stepped down from his spot as principal and was replaced by an Ivy League college – two college within the Ivy League, actually, for an undergraduate and a graduate degree – graduate and former executive at Goldman & Sachs.
That man’s name is Peter Briger, sometimes stylized as Peter L. Briger, Jr. Mr. Briger is today the Co-Chief Executive Officer along with Wes Edens, whereas Mr. Nardone remains among the corporate ladder as a principal of.Fortress Investment Group.
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