Randal Nardone: Pacesetting In The Hedge Fund Industry

Randal Nardone is a Biology and English Graduate from the University of Connecticut and a Doctor of Jurisprudence from the University of Boston. He began his career as a Lawyer at the Thatcher Proffitt & Woods Law Firm before his transformation into the financial sector. He then joined BlackRock Financal Management Inc., and later UBS. He is also a director of the Eurocastle Investment Incorporation. In 1998, he joined in the co-founding of the Fortress Investment Group together with his co-founders Rob Kauffman and Wesley Edens. Fortress has seen several acquisitions such as the Canadian Intrawest in 2006, RailAmerica Inc. in 2006, and Florida East Coast Industries in 2007. The company has also taken some of portfolios public including Brookdale Inc, GAGFAH, Aircastle Ltd and RailAmerica Inc. Other joint acquisitions include the partnership with Centerbridge partners to acquire Penn National Gaming, a firm that operates casinos and horse racing.

Under the co-leadership of Randal Nardone, the firm has invested more than $70 billion in credit funds, private equity firm, and other assets. The firm became a pacesetter becoming the first in the industry to be traded on the United States Stock market publicly. The firm has received numerous awards over the years. It is famous for its capability in dealing with mergers and acquisitions. The management employs the low-cost, low-risk rule to ensure the success of their clients. Randal Nardone is wholly impressed by the acquisition of Fortress Investment Group by the Japanese Banking giant SoftBank Group Corporation. He is confident about the strengthening of Fortress with the accompanying benefits such as the increased access to credit facilities and rapid growth rate. The firm is set to continue with their area of specialization.

In 2009, Randal Nardone led the company in the acquisition of Sheffield, a 58 story building after the owner defaulted on a loan payment. Randal Nardone has contributed to the formation of employee benefits of the company since its inception. These include stimulating work environment, employee training and support positive impact on future career prospects, competitive salaries and the opportunities to learn and grow professionally. The success story of operations has named the company as one of the most coveted employers.

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