The emergence of Fortress Investment Group LLC in the world market has seen investment grow rapidly. Since its inception, Fortress Investment Group (FIG) has increased service delivery to customers and created employment opportunities that have seen many people being employed to serve in various positions in the company. Investment performance is their motto. Currently, FIG is the leading and the most diversified world investment manager. It boasts of having assets worth billions of US dollar. FIG stands out to adjust returns to their investors for a long term.
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Fortress Investment Group was founded in 1998 by four partners namely; Wesley R., Edens, Rob Kauffman, and Randal Nardone. It is a management firm for investment and it is situated in New York City. It was started as a private equity firm and became the first biggest private equity firm to be traded publicly in the US. FIG later grew into hedge funds, real estate – related investments and debt securities. It was later named ‘Hedge Fund Manager of the year’ IN 2014 by Institutional Investor. In the same year, FIG was declared Management Firm of the Year by HFMWEEK. In 2012, Fortress won Discretionary Macro-Focused Hedge Fund of the Year and Credit-Focused Fund of the Year.
Fortress Investment Group partnership with Richard Branson’s Virgin Group
A lot of information has been ditched in the media about Fortress glooming partnership with Richard Branson’s Virgin Group. Sources privy to the top leadership of the two companies have unraveled the information. It is, however, true that FIG is planning to partner with Richard Branson’s Virgin Group to expand their boundaries of operation and control world market. Richard Branson wants to transform air travel with more advanced jets. The bright line will rename itself Virgin Trains USA. Branson has held discussions with Bright line chairman and Wes Edens who is a co-founder of Fortress Investment Group in Miami. They discussed their vision of partnering and expanding their operations nationwide.
Patrick Goddard, the Bright-line president was heard saying that because of their shared values and good track records of Virgin, their partnership will assist in amplifying their efforts and potential growth as they plan to expand to new markets to provide more effective services to their customers. Their plan to partner will be decided upon fully this month.