When Randal Nardone decided to partner with Rob Kauffman and Wes Edens to establish an asset management firm, he was sure that they would face stiff competition from the old corporations. Other than his title as a co-founder, Randal is the chief executive officer of Fortress Investment Group, an organization with offices in New York and other parts of the world. Fortress has experienced significant growth over the years and is among the best asset managers in the world. It is best known for becoming the premier hedge fund and private equity company to be listed on the New York Stock Exchange.
Before joining hands and starting Fortress Investment, Randal Nardone had a successful career in different corporations around the United States. He was a partner and member at Thacher Profitt & Wood Law firm and was also a principal at BlackRock Financial Management. Prior to becoming a business owner and starting Fortress, Randal worked for UBS and held the position of managing director. The knowledge and experience he gained as an employee and executive have tremendously to the entrepreneur he is today.
Apart from his tasks as the chief executive, Randal Nardone has sat in the firm’s executive committee for over ten years now. His role as chief executive mainly includes supervising the financial and legal aspects of the corporation. His work ethics and accomplishments have earned him respect and opened doors for him to work for other institutions. Randal is the president and chairman of Springleaf Financial Holdings, he is also the principal of the Credit Corporation, and last, but not least, he is a director at Touch Care Holdings as well as the vice president and secretary of Newcastle Investments Holdings.
Fortress Investment Group has received several awards all thanks to the exemplary work done by Randal and his business partners. In 2014, the firm was named management firm of the year by HFMWeek, and hedge fund manager of the year by the institutional investor. The company continues to control a significant stake in the financial world, and Randal attributes that to the working conditions they offer their workers.
Because of his devotion to satisfying his clients and to the profession, Randal Nardone has immersed a significant amount of wealth and is on the list of billionaires in the nation. According to Forbes Magazine, he sits on position 557 and is worth around $1.8 billion. Randal holds a bachelor’s degree in English and Biology, and a Juris Doctor of Law from Connecticut University and Boston University Law School respectively.
To learn more:https://en.wikipedia.org/wiki/Fortress_Investment_Group