In 2014, the Milwaukee Bucks were in a rough spot. They had just finished a 15-67 season and were losing fans in the region. During this troubled time, two New York hedge fund managers stepped up, determined to put the Bucks back on track. These two men were Wes Edens and Marc Lasry. In April 2014, they bought the Milwaukee Bucks with the goal of creating ‘real change’ within five years. Right away, Edens and Lasry went to work. First, they worked on improving their staff. They wanted more people working, and people that were better suited for the job. They replaced General Manager John Hammond with Jon Horst. Under Horst, the Bucks hired Mike Budenholzer as the head coach.
With their staff in order, expert Wes Edens and Marc Lasry turned their attention to the citizens of Milwaukee. In order to get the locals reinvested in their basketball team, a new arena was built for the Bucks: the Fiserv Forum. Located in downtown Milwaukee, this new arena was a rousing success, increasing the average number of attending fans in its first operating year. The Milwaukee Bucks also needed roster improvements. After the 2015 season, when the team made it to the playoffs and lost in the first round, many of the players moved on. This left Wes Edens and Marc Lasry, assisted by GM Jon Horst, the job of rebuilding the team.
Together, these three managed to acquire MVP candidate Giannis Antetokounmpo and started to build a team around him. Antetokounmpo was joined by another MVP candidate, Khris Middleton, and a recently acquired forward, Nikola Mirotic. The hard work Edens and Lasry have put into the Bucks during the past five years has paid off. Although the team has not won a playoff game since took over, the Milwaukee Bucks went into the all-star break 43-14. They are currently the highest ranked team in the NBA and have a good shot at the championship this season. According to Wed Edens, “we want to win…championships and I think we have a chance to do it with this squad.”
Randal Nardone is a billionaire that is already self-made. At the Forbes list that lists the world’s top billionaire, he has been ranked number 557. There is a lot people can learn from Randal because the wealth that he has acquired he got it from putting in the dedication, skills in leadership and having the passion. At the Fortress Investment Group Randal is the CEO from August 2013 and the co-founder. People know Randal Nardone as the lawyer that changed to do business. After he finished his studies at the Boston University studying for his J.D, he got employment at Tacher Proffitt & Wood. After that, he gained employment at Blackrock Financial and UBS.The primary role that Randal plays at the Fortress Investment Group is that he is the one in charge of the structure that makes up finance and any legal matter that will concern the firm.
By the help of the public offering and people like Peter Briger, Robert Kauffman, and Michael Novogratz the difference they have made in the company is that they have gotten 53 million shares which when counted would be worth $1.6 million. Randal has proven skill that he has in the legal field that he gained several years back before founding Fortress Investment Group because of the so many companies he offered his expertise.Randal Nardone offered his expertise at different firms like the Springleaf Financial Holding where he played the role of being the president and chairman. Additionally, at the Newcastle Investment Holdings, he served as the vice president that is in 2016, after being in the company as the secretary from 2002.
In companies like the UBS and IMPAC, he held the administrative position. SoftBank Group Corp has announced that they have finished the necessary documents in the acquisition of Fortress Investment Group that cost them $3.3 billion.For the transaction to be closed all the condition were meet leading to an agreement after everyone was satisfied with the decision. Randal Nardone believes that the acquisition will be a good thing since the firm will be under the mergers and agreement from SBG. He knows that the decision will help in the goal that the company has in growing and plans. The company would act as the head of the company that would assist in the growth and becoming better. The staffs at Fortress Investment Group feel that the company did the right decision and a smart one too.
Source of the article : http://insiders.morningstar.com/insiders/trading/executive-profile.action?t=0P000080SF&PersonId=PS000018DV&flag=Director&insider=Randal_Nardone&culture=en-US&productcode=MLE&cur=&nav=no
Jeff Yastine provides over twenty years of education and important experiences concerning the economic milieu. Mr. Yastine has gleaned a large amount of information over the years as a financial journalist. Yastine has traveled the world and seen economic situations up close and personal. These experiences have been very valuable for Yastine, who is currently the editorial director of Total Wealth Insider. Yastine is an employee of Banyan Hill Publishing. Yastine is a credible resource based on the number of financial reports he has produced while working as a journalist and in his current position. Read this article at Forexvestor.com.
Yastine has been the Director of Financial Newsletters before being an employee of Banyan Hill Publishing. From 2013 to 2015, Jeff Yastine was an employee at Newsmax Media, Inc. As a senior correspondent at Nightly Business Report (NBR), he was part of a crew that won many awards for their informative, yet intriguing analysis included in their reports.
What does it say about today’s economic environment if David Rockefeller’s heirs are selling his massive collection of art — and everyone else is eagerly buying?https://t.co/Kw6gnmaCrm#Economy #Trading #Investing #Stocks #StockMarket #TotalWealthInsider #BanyanHillPublishing
— Jeff Yastine (@JeffYastineGuru) April 17, 2018
Yastine is the main contributor to Banyan Hill’s Winning Investor Daily and the Sovereign Investor Daily, two publications that Yastine works hard to provide value in for his readership base. Yastine wants those new investors, and old investors comprehend key economic and business trends. Yastine truly wants current investors and new investors to make well-informed decisions.
In addition to his role as a respected writer and former journalist, Yastine was also an Emmy-nominated news correspondent and former TV anchor at the Nightly Business Report, a program created and broadcasted by Public Broadcasting Service. Jeff Yastine was a TV anchor role for 15 plus years. Yastine was lucky enough to have talked to world-renowned business people like Michael Dell, Sir Richard Branson, Wayne Huizenga, Herb Kelleher, Frank Purdue, Steve Ballmer, and the “Oracle of Omaha,” Warren Buffett. It was because of these journalistic experiences that Jeff Yastine was fortunate to have gathered key business insights and investing secrets from many successful financiers in the U.S. and other nations.
In addition to the Emmy that Yastine won, he also earned himself an award titled, the New York State Society of Certified Public Accountants Excellence. Mr. Yastine and a crew of journalists working for the Nightly Business Report won an Emmy award for a 30-minute report that discussed the U.S. bond market.
Mr. Yastine’s first job after graduating from the University of Florida was working as a local television reporter in Raleigh-Durham, N.C. Follow Jeff Yastine on Medium.