To be successful in the finance industry is not an easy task. Over the last few decades, there is one man who has proven to be a force to reckon with in all of America corporate culture. Wes Edens is the co-founder of Fortress Investment Group. At Fortress, he is responsible for the business private equity that focuses on major investments. In the Forbes list of world’s billionaires, Wes Edens is ranked number 962 with a net worth of $1.2 billion. His investment journey is very remarkable. He graduated from Oregon State University with a B.S in finance and business administration in 1984. After graduating he kick-started his career at Lehman Brother in 1987. At such a young age, he was a partner in the firm and managing director until 1993.
Later on he co-founded Fortress Investment Group in 1998 with four other individuals. In February 2007, the company became the first American private equity investment firm publicly traded on the New York Stock Exchange. Wes has led the company to making important financial investments. In February 2017, the firm acquired SoftBank at a cost of $3.3 billion. Under SoftBank Group, the business entity operated as an independent entity. Later on the proceeds from the acquisition were invested back to the business. Wes Edens was responsible for the Fortress purchase of Springleaf Financial Services.
By 2015, the value of Springleaf had reached $3.5 billion which was 27 times the original investment. The investment move saw Edens been heralded as the leader of subprime lending in the market. The proceeds from profits generated by Springleaf were used to build a financial-service business in Fortress private equity. Outside of finance sector, Wes Edens is involved in professional sports. Currently, he is the owner of the Milwaukee Bucks of the National Basketball Association. Fortress Investment Group has an eSports team called FlyQuest which has a League of Legends team that competes in North America League of Legends Championship Series. Under the leadership of Wes Edens, the company gets positive reviews from present and past employees. The investment firm has a great working environment making it a desirable place for employment.
Victoria Doramus is a recovery expert who shares her experiences as an alcohol and drug addict with the hope of helping people with the same problem. She first went to rehab in 2011, at the age of 26 but did not fully understand anything to do with drug addiction. After 45 days in Sierra Tucson, a center in Arizona, she went back to LA with more knowledge about herself but did not comprehend the fact that she had a disease and needed help. She tried changing her circle of friends and even going back to school in London, but her disease persisted. Victoria opted to join a rehabilitation center in Connecticut for the second time with the hope of a change, and 60 days later her situation was only getting worse. She lost all her friends and family and was rendered homeless in Manhattan trying to find a doctor that would help her.
Ms. Victoria Doramus (@iamvictorialynn) decided in January 2017 and flew to Austin where she checked into Burning Tree, a rehab that applied the boot camp approach with a 12step program. In the facility, with the help of connections to the high powers, she got to understand her situation better without victimizing herself. Through peer evaluations, Victoria was able to focus on her characteristics that needed modification to lead a happy, healthy life.
According to medium.com, in August of the same year, she left the facility and moved to Dallas and got a job working an average of 35 hours weekly to help keep her mind occupied before finally moving to New York where she linked with nonprofit organizations fighting against drug addiction. Victoria Doramus admits that her biggest challenge is maintaining a clean state of mind but is working on it with her addiction therapist. She believes that change is possible if someone is willing to change. Follow Doramus on Instagram.
It’s possible you’ve seen him in one his many gigs. Ryan Seacrest has so many jobs you could almost lose count. The most notable ones are him as a host for the music competition American Idol on ABC. He is also the co-host with Kelly Ripa for the morning show live with Kelly and Ryan based out of New York. Ryan Seacrest is an award-winning entrepreneur who holds several positions as a host either on TV or radio and a producer for cable and broadcast television.
His radio show is called On air with Ryan Seacrest and it’s the number one nationally syndicated show in Los Angeles. This morning show appears on iHeartmedia 102.7 KIIS FM. In addition to that, Seacrest is an executive producer for the behind-the-scenes work for the morning talk show live with Kelly and Ryan. In recent years he picked up where Dick Clark left off becoming the host of Dick Clark’s New Year’s Rockin Eve with Ryan Seacrest. Even further, he has joined the popular award show franchise called E! Live From The Red Carpet. Seacrest has built his own production company which has won an Emmy for their winning content. Ryan Seacrest productions produces a lot of well-known television programming. Some of these include keeping up with the Kardashians, Bravo’s Shahs of Sunset, Shades of Blue with Jennifer Lopez and CMT I love Kellie Pickler.
In addition to all of his television and radio productions, Ryan Seacrest has emerged with a trendy lifestyle enterprise that is his menswear collection called Ryan Seacrest distinction. The clothes are sold mainly at Macy’s and features a men’s skin care line. For this venture, he has formed a partnership with nationally-known dermatologist Dr. Harold Lancer.
Ryan also has some pretty impressive endorsement deals with coca-cola and ford. To bring things in perspective, he has also created the Ryan Seacrest Foundation. This working organization is credited with opening 10 broadcast media centers that are called Seacrest Studios in pediatric hospitals all across the country. It would be an understatement to say Ryan Seacrest has done it all because we are certain there’s more to come. Ryan is also busy with his very own fashion line.
Unlike other investment companies in existence, Fortress Investment Group has widely and globally grown in just two decades. The manner in which it has expanded is kind of unbelievable. It has stood out as the very first large scale private equity firm to appear on the New York Stock Exchange. Fortress Investment Group has been operational since 1998 and it has made a big step in the market over the years.FIG bases its operations and investments on very high risks, which definitely result in higher revenues. The firm majorly deals with asset investments, managing operations, and capital markets. The company is currently a veteran in asset pricing, financing, owning, and managing. From the robust tools developed, Fortress Investment Group has been able to obtain maximum value from the very complicated investments it has ventured in.
The first investment of the company was launched in 1999. Afterward, it grew into debt securities and hedge funds as it invested in real estate in Toronto and New York markets. FIG’s profile incredibly expanded after it went public in 2007. At some point, some of the company’s funding programs have been closed due to high numbers of subscribers. This clearly depicts the rate at which it has grown and is a positive indicator that the future of the group is beaming brightly.Fortress Group earned itself an award as the Best Credit Fund through Fortress Drawbridge Special Opportunities Funds in 2013. This was as a result of deep analysis of the company’s volatility, annual records, the track record, and risk management. Its operations are based on Private Equity, Credit, and Permanent Capital Vehicles division. Fortress Investment has since launched new funding projects many times over the years.
More about Fortress Investment Group
It is a global investment firm that has been in existence for more than nineteen years. By June 2015, Fortress group was managing assets worth $72 billion. Both private investors and institutional clients have invested in the company. Two more key players joined the company in 2006, which later resulted in it acquiring the Canadian Company Intrawest, the largest ski resort operator in North America. Two more companies were purchased, making Fortress Investment Group a bigger organization.The firm is based in New York City, the United States. Its other headquarters were opened in 2011 in San Francisco, Singapore, and Asia. It was ranked as the best management firm of the year in 2014 apart from winning other awards. The fact that Fortress Group has been operational for many years has given it an upper hand in the market share, making it famous. Its founders are hardworking entrepreneurs who do their best to achieve perfect results.
Milan Kordestani, the founder of Milan Farms, also serves as the CEO of the same company. Born in Stanford, California, Milan grew up attending Philips Brooks Elementary School. After the divorce of his parents in 2009, Milan Kordestani moved to England with his family. Here, he attended Eaton Square School. He later graduated High school from Sacred Heart Preparatory in Atherton in 2017.
Kordestani had a passion for horse riding since the age of 10. Thus, after he was thrown off a runaway horse in a trail riding session, he miraculously got back up on the horse and rode back to the camp, something most children would be terrified to do. After years of riding lesson horses, Milan Kordestani quickly progressed to become a high-level competitor on world champion horses. In 2015, he won the first leg of the triple crown and followed up that win with a fourth-place finish at the Worlds Champion Horse Show.
In matters of business, Milan Kordestani has achieved as an equestrian. He created Milan Farms in his sophomore year of high school. The company operates many farms across the nation, solely focusing on the production of eggs, poultry, and saffron. With Milan Farms, Milan Kordestani became the first person to grow saffron hydroponically, growing it microfiber sponges.
Milan Farms has developed to be a committed company that offers the best quality products. They also believe in raising their animals humanely. They consider their community as their family. Milan Kordestani always yearns to make his company a place everyone is proud. In growing their plants and raising their animals, Milan Farms only uses organic options and is always transparent about this.
The Milan Farms brand became a trademark in 2016. Since then, the company has expanded into three farms which indulge in the distribution of eggs across the west coast of the US. The farms also grow and supply saffron across the world. As the CEO of Milan Farms, Milan Kordestani believes in providing a pure and honest to satisfy the customers’ quest for a perfect product. Milan Farms, therefore, offers an organic option to every customer’s agricultural needs.
When Peter Briger and some of his business associates decided to start a finance services company, they had so bog dreams for the future. This team had been serving in the American corporate department for a long time, and they were aware of the struggles most of the customers had to deal with so that they can come up with better investments for their future. Peter Briger played the most paramount role in starting this company, and he wanted to establish an institution that would serve the people for a long time. The finance department has never been a bed of roses for many years now. The competition in this industry keeps going up each passing year, and this makes it very difficult for investors to establish an institution that will deliver excellent results.
Peter has a lot of knowledge in investment. This knowledge has been accumulating because of the many years he has worked in the industry. Briger knows how to take opportunities that have presented themselves, and this is the primary reason he is so wealthy. While most investors are having a rough time when they want to start an investment in the tough times, Peter knows what to avoid and what to choose so that he can remain profitable at all costs. Briger has been so lucky in business, and this luck has been brought by the partners he has chosen to work with. As technology keeps improving, investors have so many opportunities to make things better. Technology has changed the way the financial department has been improving in the recent times.
Many investment opportunities have been made possible by technology, and one of them is Bitcoins. Bitcoins are all over the ads, and most people have started to take a special interest in them. One of the investors who believe in this new investment opportunity is Peter Briger. The businessman in a recent interview, says that he was happy about the new investment opportunity because bigger opportunities were coming up because of Bitcoins. In his career as a finance executive, this businessman has come across so many opportunities, but he has chosen the path to follow. Peter Briger has been the force that has been responsible for the many accomplishments that have been reported in one of the leading organizations in finance, popularly known as Fortress Investment Group. Peter Briger career has been full of so many activities.
Victoria Doramus is an experienced marketing trend analyst who has a solid understanding of the global market together with retail consumer trends that include fashion, lifestyle products, and design. She has been proven with the abilities to be able to identify trends that can impact specific markets. In addition, she has writing experience, reporting and editing the global market trends.
In her work experience, Victoria Doramus worked as a freelancer for six years since 2009 where she was a ghostwriter. She used to make research assistant on different books. In 2010, Victoria Doramus was working as a trend consultant and art director, where she was working for J.Crew & Stila Cosmetics. She used to do development of 2010 holiday materials during the years summer and spring in the previous year.
She is experienced having worked as an assistant film director to Peter Berg in New York. She used to manage the household and property inventory, coordinated the domestic staffs. The other role that she played was to prepare the property before a client could arrive where she also maintained the rapport with outside vendor from 2014 to 2015. In a period of one year, Victoria Doramus worked as a lifestyle trend editor. So that she could start her career there, she had been recruited by Creative Artists Agency, a former boss. She was made the head of West Coach Launch efforts which were a start-up company forecasting on the trend. She worked thereby translating the lifestyle trends and also the consumer’s insights into what the client specified for marketing for their product and brand development. She also led some collaborative projects which were curated by city guides, marketing specific products and custom trend reports.
Victoria Doramus attended Colorado University where she attained a BA in Journalism where she majored in advertising and copywriting. She graduated in 006. she also attended Youth Market Trend Analyst where she studied contemporary design at Sotheby Institute in London.
Fortress investment Group came into existence in 1998. Initially, the company was privately owned. Fortress Group has been a pacesetter in the industry. In the company’s initial public offering (IPO), Fortress Investment Group became the first comprehensive private equity company to be publicized on the New York Stock Exchange (NYSE). Currently, Fortress Investment Group is a differentiated international management company that directs more than $43 billion of assets for more than 1,750 investors in permanent capital vehicles, private equity, and hedge funds. The company’s strategy is that of ‘strong risk-adjusted returns’ for its clients over the more extended periods. The company has its main offices in New York with more than 900 employees.The company has three main principals based in different location. In San Francisco, the company has Peter Briger and Randol Nardone based in New York as well as Wes Edens who is also found in New York.
Fortress Company has specialized in asset-based investment, corporate mergers and acquisition, operations management, capital markets, and sector-specific knowledge of institutions and companies.Randal Nardone is the founder of Fortress Investment Group, and he is currently one of the company principals. Other co-founders include Wes Edens who is also a current principal and Rob Kauffman, a retired principal. These founders came with profound financial insights after working at the Goldman Sachs, Lehman Brothers, UBS, and BlackRock Financial Management. The three had a goal to develop a new kind of investment company, which could be like an ‘alternative asset’ a strategy that brought to life private equity as well as investing in the cutting-edge vehicles. The three’s assets under management became successful quickly from $400 million to around $3.9 billion. The company assets were at $32.6 billion by 2007. The company established its first investment vehicles in 1999.
Previously, the company invested in real estate including the Toronto and New York Markets. Later, the company quickly enlarged into hedge funds and debt securities. The company has been successful from the beginning, and it has grown at a very high pace to be among the lading in the industry. Fortress Investment Group is a top, highly differentiated international investment Management Company. The company utilizes the deep experience as well as specialized expertise including several investment strategies to help investors around the worlds. The plans include credit, private equity, and traditional asset management and liquid markets. In 2002, Michael Novogratz joined the fortress Company as the fund manager. Michael was previously working at Goldman Sachs. However, he left Fortress Company in 2015. In 20-207, the company acquired largest ski resort in North America.
Both an entrepreneurial success story and prominent member of OSI Group, Sheldon Lavin is the individual OSI Group attributes their enduring prosperity to. Introduced over a century ago, OSI Group CEO began as a two-bit meat market but is now touted as a prestigious meat processing industry. In 1995, when OSI Group was better known as Otto & Sons, McDonald’s was the company’s most illustrious partner. When Sheldon Lavin was introduced to the company nearly two decades later, an outpouring of global support accompanied his pioneering efforts.
Known for his progressive ideals, eco-friendly initiatives, and green practices, Sheldon Lavin is the exemplar of a trailblazer. As an attempt to infuse his philosophies into foreign markets, Lavin flexed his marketing muscles and led OSI Group to international success. Some of the many countries OSI Group made an immediate impact on include Spain, Taiwan, Brazil, Germany, and Austria. In the early aughts, an acquisition in China sparked immeasurable triumph. Soon thereafter, Australia made OSI Group a leading supplier for the country’s beef industry. No doubt a tremendous feat for OSI, this once run-of-the-mill butcher shop was now a global and domestic powerhouse.
Both success and Lavin had no intentions of slowing down, and OSI Group only continued to grow exponentially. In fact, it was in the 20th century when OSI Group really began to thrive. As it happens, Japan, India, Canada, and the United Kingdom became OSI Group partners over the course of five years. Fast-forward to 2016, and OSI Group had made the investment of a lifetime. More specifically, OSI Group acquired a Tyson production plant in Chicago. For OSI Group, the Tyson production plant enabled growth and allowed for ample storage space.
Some of OSI Group’s more recent endeavors include the purchase of Baho Food’s controlling stake, possession of Flagship Europe, and acquisition of a German treasure, Hynek Schlachthof GmbH. These days, Sheldon Lavin remains in the vanguard of developments, overseeing operations as the company’s CEO. Though Lavin’s ripe age of 85 would lead most to believe that he’s long retired, Lavin’s commitment to sustaining natural resources fuels his drive.
Real investment management expertise is a trait that becomes difficult for investment management firms to assure their clients. However, Fortress Investment Group has beaten these odds. Its growth trend over the years and the kind of leadership that the firm has are enough evidence that Fortress is a true guru in the investment industry. Fortress Investment group is among the few investment firms that enjoy huge managed assets, having over $63 billion in assets under management. The firm has maintained a balanced investment approach for its assets; with 45% of its investments being in private credit equity, 25% in credit hedge funds, 20% in permanent capital vehicles and the remaining 10% in private equity.
This kind of investment balance ensures that the company yields reasonable returns on its investments that it does on behalf of its clients. Some core competencies have helped the company to maintain its adorable reputation in the investment industry. One of them is the asset-based nature of its investment strategies. The main investment vehicles for Fortress Investment Group are credit equity and hedge funds. However, the firm has tried to diversify its asset management strategies to start managing real estate, capital and other permanent investment vehicles that can generate long-term cash flow. All this has been made possible by the special skill that the firm’s personnel possess to manage, price and own financial and physical assets.
Through effective leadership, Fortress Investment Group has managed to outdo most of the investment management firms regarding performance and growth.This has seen the company receive a chain of awards and performance-based accolades that are only awarded to the outstanding industry performance. For instance, in 2010 and 2011, the Institution magazine named Fortress as their “Credit-Focused Fund of the Year.” In 2012, the same magazine named Fortress Investment Group the “Discretionary Macro-Focused Hedge Fund of the Year.” Again in 2014, a very prominent industry publication, HFMWeek, named Fortress their “Management Firm of the Year.” All this was attributed to the sound management of the firm under its three co-principals; Randal Nardone, Wes Edens, and Peter Briger.
About the Group
Fortress Group is the real hub of sound and true leadership. The company manages assets and investments on behalf of over 1750 clients who are both individual and institutional investors. The company also has expanded its geographical territories to cover all regions worldwide. This has seen the firm increase its employees to over 1,100, to enhance the proper running of the company’s management activities.