Posts in Category: Global Investor

Randal Nardone: Dynamic Approach to Top Leadership Roles

Randal Nardone: Dynamic Approach to Top Leadership Roles

The roles of senior executives in financial companies have changed drastically. Formerly, top financiers were expected to come up with solutions that would crack corporates’ profit demands. Nowadays, these executives are tasked with the responsibility of providing strategic marketing skills that will raise the firm’s standing among customers and maintain profitability. In the financial services and equity management sector, Randal Nardone has these advanced dynamic leadership skills.

About Nardone

He is often called Randy and has a net worth of 1.8 billion USD according to Forbes. In the Forbes Billionaire List, he ranks 557th worldwide. He obtained a law degree from the Boston University School of Law. He also has a Bachelor of Arts degree in English and Biology from the University of Connecticut. Currently, he is the Principal and CEO of Fortress Group, a leading company in the provision of financial services and equity management services to customers.

Nardone’s Roles at Fortress Investment Group

After studying law, he worked in the financial sector. Randal Nardone was so interested in the field that he would spend his life in finance rather than law.Before he co-founded Fortress Investment Group in 1998, Randal had held high executive roles in the financial sector for years. Notably, was the Managing Director of USB from 1997 to 1998, apart from holding the Principal position at BlackRock Financial Management. He also still holds other positions outside his company, Fortress.In 1998, when he decided to create his company, Nardone was ready for the challenge. He had already built knowledge in the finance sector from his previous companies’ roles. Alongside co-founder Wes Edens and other financial expert leaders, he has transformed Fortress Investment Group into a top provider of quality customer services.As Fortress chief executive officer, Randal Nardone has to expand the business’ horizons through strategic leadership skills. This is why he founded other departments such as the Newcastle Investment Holdings, Fortress Transportation LLC, Fortress Investment Trust, and Fortress Investment Fund among different Fortress Identities.

Softbank Acquisition of Fortress

After two decades of independent services, the Fortress Investment Group was acquired by the Japanese Softbank Group. The deal was finalized in December 2017 with Randal Nardone retaining his leadership roles. Other Principals Peter Briger and Wes Edens will also remain part of Fortress leadership team. With this acquisition, it was the firm’s first time of delisting from the NYSE. Certainly, with the success of Fortress since its foundation, Nardone will still provide dynamic leadership experience to the new management team.

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.

Wes Edens Asset Manager

Investing for the future is one of the most critical aspects of having financial success. Some people struggle to develop a cohesive investment strategy. Over the past few years, Wes Edens has become a prominent investment adviser. He works for Fortress Investment Group, and he even helped start the company.Wes thinks that all clients should be treated equally. At some big investment firms, clients are given special privileges if they earn over a certain amount of money. He makes sure to tell customers that they are all important to him. Although he spends a lot of his time managing the business, he still enjoys interacting with customers each day.

Gold

Gold is a common asset for people to invest in. Gold has various benefits, including acting as a hedge against inflation. In the last economic recession, few people were ready for a crash. Most people had to deal with an investment portfolio that crashed in value. Wes had his clients prepared for a coming economic correction. Although he still experienced a negative return in 2008, it was much better than the market provided. Wes encourages everyone to have some exposure to gold in their portfolio. Buying gold is a common strategy for anyone who wants to take their investments to a new level.

Other Asset Classes

As an alternative asset manager, Wes has plenty of other investment options for clients. In the past, he has recommended that investors buy stocks in emerging markets. An emerging nation is a country that is growing rapidly but may still have some issues. A great example of an emerging country is India. Although investors may earn a high return, there are also various risks with this decision.Wes is proud of the work that he has accomplished with Fortress Investment Group. He has helped thousands of people get prepared for their retirement.

Chris Burch Delves Into Hospitality through Investing in Nihiwatu

Chris Burch is a renowned investor prominently known as a fashion mogul. He is famous for finding a connection between fashion and technology and utilizing the relationship to build businesses. After establishing several international retail brands, Chris Burch delved into the hospitality industry. Joined by James McBride, a guru in hospitality, Chris Burch invested in a hotel in Sumba Island. In 2012, the duo parted with $30 million in the renovation of the hotel that is now known as Nihiwatu. The five start luxurious parlor offers high-quality services bordering sumptuous meals and comfortable resting rooms.

Nihiwatu

Nihiwatu has been an excellent service provider given that in 2016, it was voted the best luxurious hotel by Travel + Leisure. In 2015, Chris Burch was interviewed concerning Nihiwatu. When he was asked why he invested in Nihiwatu, he said that he acquired Nihiwatu because he wanted to give back to the society. It is also an investment package for his children, he added. Chris also stated in the interview that Nihiwatu offers a variety of leisure services and that is another reason for establishing it. It allows him to enjoy being in a different environment. According to him, Nihiwatu has offered more than he expected to have on the entire investment. The Wall Street Journal highlighted that Chris Burch spends most of his time in Nihiwatu where he has 27 villas coupled with a private plunge pool.  Continue reading on businessinsider.com.

Services

Nihiwatu is located on Sumba Island. The Indonesian hotel offers luxurious fun services coupled with sea food. The name Nihiwatu means mortar stone. The hotel is the best and largest employer in Sumba Island. Some of the profits generated by the business are channeled to charity. This is done through the Sumba Foundation. The organization funds societal projects that assist the less fortunate in Sumba community.

Burch

Christopher Burch was born in 1953. He is a renowned entrepreneur who has established several companies. He is the president as well as the chief executive officer of Burch Creative Capital. This is a New York-based firm that manages capital and venture investments in addition to brand development.  To read more about Burch, click this important link.

For Burch’s insight on things, click this interview of him on interview.net.

Chris is also the co-founder of Tory Burch LLC. In 2012, Forbes Magazine named him a billionaire. Apart from his investments, Chris Burch is a business partner to many individuals including Ellen DeGeneres. Under his insightful leadership, Burch Creative Capital combines his talent in business and client’s demands to produce high-quality products as well as services. The mission of Chris’ activities is to satisfy the customer’s needs. For updates on his timeline activities, hit on crunchbase.com.

A must-read interview of Burch here on http://www.ceocfointerviews.com/interviews/ChrisBurch-BurchCreativeCapital17.htm