Fortress Investment Group LLC

Fortress Investment Group LLC

Fortress Investment Group LLC
Last update 2021-05-17 180 Stocks (104 new)
Value $1.97 Bil Turnover 15 %
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Fortress Investment Group LLC Profile

Fortress Investment Group is an investment management company based out of New York. The company began as a private equity firm established by Wesley R. Edens, Robert Kauffman, and Randal A. Nardone in 1998. Randal A. Nardone and Wesley Robert Edens are still with the company today acting as its CEO and CIO, respectively. The company would experience rapid growth, quickly growing from its $400 million initial capital to over $1.3 billion in just a year, and reaching the $10 billion mark by 2005. The company would have its IPO in 2007 on the NYSE and would launch a variety of funds throughout the years. Fortress Investment Group would acquire Logan Circle Partners in 2010, marking its entrance into fixed income asset management, and would begin opening international offices in San Francisco, Shanghai, and Singapore in the following year. The company would begin launching a series of funds at a rate of multiple funds a year beginning in 2012. Fortress Investment Group would create its spinoff company New Residential Investment Corp in 2013 and New Media Investment Group in 2014. The company operates through four core businesses: private equity, liquid markets, credit, and traditional asset management. Fortress Investment Group utilizes a fundamental analysis with a bottom up value strategy to make its investment decisions. The company invests in a variety of public equity, private equity, and alternative investment markets on a global scale, focusing its asset allocations almost exclusively in the finance sector. Fortress Investment Group currently has over 1,000 employees overlooking its business of managing over $72 billion in total assets under management, which has been increasing nearly every year since its inception. The company mainly caters to pooled investment vehicles, although it also offers its services to pension and profit sharing plans, corporations, and others. Fortress Investment Group currently offers private equity, credit, and liquid market services through its main business and offers traditional asset management services through Logan Circle Partners.

Fortress Investment Group LLC Investing Philosophy

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