Category: Investment Leader
Fortress Investment Group, based out of New York, and founded twenty years ago in 1998, is a leading and highly diversified global investment management firm. They focus on private equity, hedge funds, railroads, red it funds, as well as traditional asset management. It’s subsidiaries include New Senior Investment Group, Railroad Acquisition Holdings, Nationstar Mortgage, New Castle Investment Corporation, New Media Investment Group, and a partial holding of Intrawest Aircastle. The firm has a reported revenue of 1.1 billion US dollars as well as a net income of 180 million US Dollars. The leadership of Fortress Investment Group is as follows: Peter L.Briger, Jr.Principal and Co-Chief Executive Officer, Wesley R. Eden Co-Founder, Principal, and Co-Chief Executive Officer, and Randall A. Nardone Co-Founder and Principal. All three of these businessmen have led successful careers both before founding/joining Fortress and certainly have done well in their role as the Management Committee of Fortress Investment Group. Glassdoor.com, an online employment resource, where personnel (both current and former) anonymously review companies they have worked for and their management reported a ninety-two percent approval rating of the chief executive officer(s) of Fortress.
Personnel ranging from interns to analysts who had worked or were currently working for Fortress had many positive things to say about the company including: There were many opportunities available to them and they were able to learn about many different industries. They felt there was good communication and overall collaboration between teams. Many employees also praised the flat management structure also known as the horizontal organisational structure. This type of management style differs from the more traditional hierarchical structure due to its consisting of few if any middle management positions. This type of management style is favored by companies which prefer temployeeshe removal of excess layers of management to promote communication between executives and staff which in turn allows for personnel to be more directly involved in the decision making process. Certainly the Management Committee of Fortress Investment Group has earned the praise and respect of their employees (as shown in the reviews) due to their diligent and direct business model which has been a cornerstone of their past success.
This past year, in December of 2017, Soft Bank Group Corporation, an internet and telecommunications behemoth, based in Japan, purchased Fortress Investment Group for the sum of 3.3 billion US dollars in cash. The acquisition resulted in Soft Bank Group and it’s subsidiaries owning all outstanding Fortress Investment Group shares. Fortress’s common stock was de-listed from the New York Stock Exchange due to the fact that Fortress’s future financial results are to be consolidated and reflected on Softbank’s financial statements. That being said Fortress is still allowed to operate as an independent company under the umbrella of Soft Bank whois committed to maintaining the leadership, personnel, business model, and brand which over a thousand clients, both corporate and private, worldwide have come to trust in for their investments. Will Softbank now with Fortress’s successful firm in its pocket soar? Perhaps it is too early to tell but if Softbanks numbers from 2017 (after announcing their intent to buy Fortress) are any indication, Fortress Investment Group is a solid boone to the company’s ever growing portfolio.
Any organization or company that is in need of the services of an investment company, like Fortress Investment Group, must ensure that the individuals who are going to be in-charge of the transactions must be aware or should know what are the specific expertise is or specialization of the said investment company. One of the largest private investment companies in the world is Fortress investment Group, which was established in 1998. Fortress is a private equity firm that has a profound knowledge and experience in a wide array of investment areas. And since it is an international firm, it has the capacity to provide services around the world in selected areas or regions. To properly comprehend their field of specialization, Fortress’ core competencies are summarized below.
Asset Based Approach and Corporate Mergers and Acquisitions
A company or corporation engage in numerous kinds of transactions that may need a business valuation has the option to obtain the services of Fortress Investment Group’s team of experts who have the skills and experience to deliver valuations and assist with acquisitions and mergers. As an example, a company who would like to merge with another company can request for assistance straightaway from Fortress, especially when their assets based approach competency is urgently needed to ascertain the value of the company.In merger transactions, the Fortress Investment Group’s financial team will concentrate on establishing the Net Asset Value (NAV) of the two companies who are about to become one company. This move is implemented to assist in expediting the procedure. To have the appropriate net value of any company, the standard way of calculation would be to add the net value of all the assets of the company, and then subtract the liabilities. The difference between the assets and liabilities would be considered the overall cost of what will be needed to reconstruct a specific business. Having explained all that, the company has now the data it needs to form a merger or to make an acquisition at any time it desires to do so.
Another exemplary skill the Fortress team have is their industry knowledge. The group has profound familiarity as well as know-how it this capacity since from the time the company was founded it has already conducted plenty of business investments with large corporations and organizations. The company can provide a treasure of industry knowledge in the segments where they are mostly necessary. Based on the past deals and transactions that were productively accomplished by Fortress, it definitely has the proficiency to guide existing and potential clients successfully.The industry knowledge assimilated by Fortress through its years of operation is founded in their effective implementations of various investments including the cumulative growth of their customers’ investment and asset portfolios.Companies, who would want to engage the services of Fortress Investment Group, can at any time have a look at the investment company’s history from 1998 onwards, to familiarize themselves on the core competencies it is offering, and how it conducts its business deals in all the industries it is engaged in.
As most people approach retirement and or when they are retired, they have many misconceptions about social security. The chief of distribution and sales at Nationwide Financial Distributors, David Giertz, gives some advice on pension. He notes it is important to create a retirement income plan that maximizes social security benefits. He continues to say that most people think that at 62 years of age is when they can begin talking about social security on officialdavidgiertz.com. The highest percentage of retirees are receiving a benefit that is much lower than they expected.
Most people cannot accurately identify the factors that determine the number of social benefits one receives. The biggest misconception is one should start thinking of social security when they grow older. They forget that social security fund was established to assist in retirement and not to fund it entirely. It is therefore crucial for individuals to have a pension plan to follow according to credio.com. As David Giertz points out, a study conducted revealed that about 37% of retirees cite health problems as one of the factors that prevent them from living their retirement as they intended. The health care expenses are huge and are affecting one out of four retirees at https://vimeo.com/davidgiertz. The affected are prevented from living the life they had planned before they retired.
About David Giertz
David Giertz well known as Dave was the senior vice president of Nationwide Financial distribution and sales at nationwide life insurance. He assumed the position on April 3, 2013. He has served as the president of nationwide financial Distributors Inc. from March 2013. He is also the president and the senior vice president and the director of many other nationwide companies at https://about.me/davidgiertz. Previously, he served as the president of sales at nationwide financial services Inc. as well as the vice president of the sales department. David Giertz was the vice president NF sales a bank channel from 2004 to 2009. Additionally, from 2009 to 2013, he was the FI/WH.