Fortress Investment Group is a trendsetting hedge fund in the world’s financial industry. In 2007, CNBC honored it as the first hedge fund to go public. A decade later, FIG became the first hedge fund to be acquired.
Within two decades, the company has attracted over 1700 investors, and it manages assets worth $46 billion. It boasts of a dedicated team of experts with the sector-specific understanding required to make sound investment and financial decisions.
But, who are the executives behind the success of this company? FIG’s attainments can be credited to Randal Nardone and Wes Edens, the cofounders of the enterprise. The founders cooperate with Peter Briger to steer the investment management group in the right direction.
- Randal Nardone
Nardone is one of Fortress Investment Group’s co-founder. The co-founder has been serving as the group’s interim chief executive officer since 2013. Apart from his administrative role in Fig, Randal Nardone manages FM Falstaff Advisors, Eurocastle Investment, Springleaf REIT, and other companies affiliated with FIG.
Before establishing Fortress Investment Group, Mr. Nardone worked as a senior administrator at UBS, Thatcher Profit Law firm, and BlackRock.
- Wes Edens
Wes Edens is a trained business administrator with vast experience in the world’s financial industry. Before teaming up with Randal Nardone to co-found Fortress Investment Group, Wes Edens worked at Lehman Brothers and Blackrock.
Apart from the financial industry, Wes Edens is a respected personality in the sports sector. He co-owns NBA’s Milwaukee Bucks, and eSports’ FlyQuest. In 2018, he partnered with billionaire Nassef Sawiris to purchase a controlling stake in Aston Villa football club.
He is Fortress’ founder and head of the private equity division.
- Peter Briger
Peter Briger supervises Fortress Investment Group’s board of director, a role he has held for over 15 years. Mr. Briger is a skilled administrator with an undergraduate and postgraduate degree in business administration.
Before joining Fortress, Peter Briger worked at Goldman Sachs, a giant corporation in the world’s finance industry. Outside the finance industry, Mr. Briger supports Tipping Point, a charity that aids under-served communities. He also supports the Central Park Conservancy and Caliber schools.