The Fortress Investment Group LLC was launched in 1998 by a few businessmen in the industry of finance. The corporation is multi-million business now with more than 2,500 employees working around the world and serving more than 1,750 private investor and corporate clients around the world.The corporation is the financial manager of assets exceeding $43 billion, as the Fortress Investment Group announced at the last day of 2017. The business provides services in the fields of private equity, credit, real estate, investment strategies, hedge funds, traditional asset management, and also works in the railroad business.The Fortress Investment Group LLC was bought by the global conglomerate SoftBank Group. Renowned businessman Masayoshi Son founded the Japanese business and grew it into a multi-billion conglomerate that operates all around the world. The SoftBank Group started the process of the acquisition in February last year and completed in at the end of December 2017.
One of the founders of the Fortress Investment Group LLC is Mr. Randal A. Nardone. He started operating as the Principal of the Credit Department when the corporation was established, as a member of the Management Committee of the Fortress Investment Group LLC. At the end of 2011, Mr. Randal A. Nardone was appointed as the interim Chief Executive Officer of the finance management firm until July 2013. A few months later, he became the permanent Chief Executive Officer of the business. Mr. Randal A. Nardone is working under a new contract after the Fortress Investment Group was acquired by the SoftBank Group last year. The contract is for a period of five years and will be revised further after the time is up.
Before 1998 and the co-founding of the Fortress Investment Group LLC, Mr. Randal A. Nardone was a part of the corporation UBS. He was a managing director for one year. Before that, Mr. Randal A. Nardone served as the Principal of the Black Rock Financial Management Inc and before that, he was Partner and member of the executive committee of the Tacher Proffitt & Wood, which is a law firm.Mr. Randal A. Nardone received a bachelor’s degree from the University of Connecticut in English and Biology. After that, Mr. Randal A. Nardone aquired his Juris Doctor degree in Law from the renowned School of Law of the Boston University.Over the years, Mr. Randal A. Nardone has a number of articles on finance and business and given speeches at events as well.