Fortress Investment Group continues to make significant strides in the financial industry by becoming the first asset manager to have accepted a takeover bid from another investor. The company seems to be the leading strategists and the policymaker such that other wealth managers have to follow. It remains to be seen whether other asset managers and upcoming firms will follow the trend, which has for an extended period continued to be the new norm in other industries.
Being the leader in the alternative asset management sector, Fortress Investment Group has been the pioneer of some of the most significant strides in the industry which have later been adopted by other organizations. One of the strategies incorporated by other organizations is registering the entity in the New York Securities Exchange where other firms followed without hesitations. Registering the firm in the stock market gave it the exposure it needed while at the same time providing sufficient funds to expand its activities.
The second strategy has been to incorporate technology as the principal method of doing business. For a more extended period, Fortress Investment Group has offered quality services to its customers, thanks to its advanced and elaborate technology adoption mechanism. Fortress has been serving its customers through advanced methods which have not only reduced the expenses that the firm has to pay but has gone a step further to help the entity to serve more customers within a short period than it would have done before.
Despite pioneering in technological advancement and being the first asset manager to register in the New York Securities Exchange, which other asset managers have followed, it remains to be seen whether other entities will accept the new move of accepting a takeover bid. There is no doubt that the strategy will prove attractive, especially if the company can get enough funds to invest while at the same time expanding its market share.
Recently, Peter Briger came out to shed light on the contentious issue that had been misunderstood by the public about the acquisition of Fortress Investment Group by a Japanese organization, SoftBank Group. He said that the management of the company was very confident about the huge benefits that Fortress Group is expected to reap from the business relationship. Briger, therefore, urged the public and the investors of the company to remain calm as the leadership of the organization had not been affected. The three principals remained in charge of all the operations of the company.