True Inspiration in Peter Briger’s Career Journey
Being an alumnus of the prestigious University of Pennsylvania’s Wharton School of Business, Peter Briger is currently the president, co-principal and the chairman of the Board of Directors at the Fortress Investment Group. This is an investment management company that among the largest and leading in the world.Peter got his Master Degree at the University of Pennsylvania, immediately after finishing his undergraduate at the Princeton University. Briger later joined an investment banking company, Goldman Sachs & Co., where he started his professional career.While working for Goldman Sachs & Co., Peter Briger performed different roles over the years, ranging from management to operations and leadership functions. He also gained a lot of experience in different investment fields like real estate, foreign exchange, loans, and trading. This knowledge and skill would later come to be very essential in the next career move that he was to make.
With years, his proficiency in finance acumen stood out to the extent that even the investment bank that had employed him, Goldman Sachs, entered into a partnership with him.Later on, after working for the bank for 15 years, he decided to transition to Fortress Investment Group where he joined as a co-CEO, alongside two other principals. This was in the year 2002. Little did people know that the company’s new face of life had just begun. At that time, Fortress was a young company and was still at its struggling stage with a small value of assets under management; approximately $400 million. Within three years of Peter Briger’s leadership, Fortress experienced rapid growth in its managed assets, skyrocketing to the highs of $32 billion by 2007.His skills and vast expertise in investment strategies that Peter had acquired while he worked at the reputable bank had now turned into some real oxygen that Fortress required for its growth.
His able leadership saw Fortress receive a lot of industry performance-based accolades and awards. A good example of such accolades was the one that the Institutional Investor named the Group as the “Hedge Fund of the Year” in the years 2010 and 2011, in a row. Besides his career life, Peter Briger also engages himself in other roles and responsibilities that are community-focused. These are intended to give back to the society and also to improve lives. For instance, he involves in philanthropic activities where he tries to alleviate poverty from the underprivileged families. He also assists in educating the poor kids with the hope that they would come to rescue their families from poverty later in life.