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The Leading Investment Firm In New York, Fortress Investment Group.

The fortress investment group is an asset management firm located in New York. It was founded by three business partners, Wes Edens, Randal Nardone and Rob Kauffman, as a private equity firm, in 1988. According to the world’s largest stock exchange market (NYSE), Fortress Investment Group was the first, largest investment management firm to be traded publicly in the United States. New York is home to the largest investment firms, which generates revenue worth billions of money.

Fortress Investment Group has been up and running for more than 30 years and currently managing more than 45.5 billion assets, both tangible and intangible assets. The investment partners, Rob Kauffman and Randal Nardone, were both managing directors at the Swiss multinational investment bank, while Wes Edens had been a previous partner at Blackrock. After a short period, Fortress Investment firm began investing in hedge funds as well as real estate.

From 1999 to 2006, Fortress’s equity funds had increased by 39.7%. Fortress Investment working team consists of approximately 830 employees and around 170 investments experts. According to a recent study, Fortress has around 1800 private investors and clients across the globe and managing assets worth over $53.1 billion. Around the year 2014, Fortress was named Hedge Fund Manager of the year and Management Fund of Year by Institutional Investor and HFMWeek, respectively.

In 2014, Fortress Investment Group decided to shuffle their management team and hired Jeff Feig as the Co-CIO of the company, with Michael Novogratz as the CIO. However, when Jeff Feig quit his co-CIO position, Fortress firm distributed Macro Fund assets worth $2.3 billion to its investors. Nevertheless, this development did not stop the company from growing to its full potential. Fortress management firm had managed assets worth $70.1 billion by 2015 from private equity, liquid markets and credit loans. Go Here for related Information.

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