In the world of sports, Wes Edens is already a relatively big name. He has co-owned the Milwaukee Bucks basketball team for several years now already. Recently, Wes Edens decided to make another investment in a sports team. This time, he and Nassef Sawiris purchased around 55% of the Aston Villa Soccer Club. The sale of the soccer team was just recently given the approval by the EFL. While the team may have experienced a bit of trouble in recent years, Wes Edens does not think it will take them that long to get back on track to success. One of the main goals of Aston Villa is to once again be part of the Premier League. As the biggest soccer organization in the UK, the team was disappointed, to say the least, when they had to drop out of it.
Things are looking good for the Aston Villa team and Wes Edens is willing to put in the time and effort to help them along the way. Earlier this year, the team was devastated after a loss in the playoffs led to them being unable to rejoin the Premier League at the time. Fortunately, Wes Edens, the co-founder and chairman of Fortress Investment Group, doesn’t think it is going to take the team long to achieve their goal with their continued dedication and hard work. Fortress Investment Group was founded around 2 decades ago. They continue to make innovations in the financial industry as they continue to grow. The company is known for its knowledge of different industries and its experience in many different, large business transactions.
The area that Fortress Investment Group is perhaps best known for is mergers and acquisitions. Instead of short-term investments, Fortress Investment Group focuses on providing their clients with revenue that will be there for them in the long-term. When it comes to assets, the team at Fortress are experts at pricing, financing, managing, and owning them. They have many different tools available to help them get the most out of each investment that is made. Today, Fortress Investment Group manages assets worth more than $43 billion that belongs to approximately 1,700 investors from different areas of finance. They were the first firm of their kind to go public on the New York Stock Exchange in 2007, a notable accomplishment. With more than 900 employees, Fortress Investment Group is headquartered in New York.
Importance of investment management has been increasing steadily in the past couple of decades, and individuals, as well as enterprises, are taking the help of the experts to ensure their assets and investments are strategically placed and monitored. The investments and assets need to be monitored for growth and reinvested from time to time to ensure that the end financial goal is achieved. The organizations have millions, and billions of dollars to manage and managing such cash flow and the fund can need some professional expertise. It is where the investment management companies like Fortress Investment Group comes into the picture.
Fortress Investment Group was developed in 1998 with five founding members, and one of them was Wes Edens. He is a great investor and a businessman. He currently holds the position of Chairman of the company and is involved in the top decisions that the company makes. Wes Edens always look for opportunities beyond the walls of the country so that its company can grow. Recently, the decision to invest in Jamaica was also his idea since he believes that Jamaica has a lot to offer to investors and it remains undiscovered giving them an opportunity to make the most of it. His investment style is truly unique and works in the dynamic financial times making him an expert that publications sought after. He has articles published in leading magazines and online publications too.
Apart from running the successful investment firm, Wes Edens is also the proud owner of the Milwaukee Bucks that is part of the National Basketball Association. He is also the owner of the FlyQuest, a virtual team that competes in League of Legends, a popular video game competition. Wes Edens was the brain behind having a flat management structure in Fortress Investment Group. It allowed for better and open communication between the team members. Wes Edens is of the opinion that the employees’ help the company grow, and it is the reason why all the employees are provided with additional benefits and perks from time to time apart from the salary that is above the average of the market. These advantages of working with Fortress Investment Group have allowed the company to attract the best minds in the industry. Wes Edens takes the hiring process of the top management quite seriously, and all of the prospective employees have to undergo an interview process with him to be hired by the company.
Fortress Investment Group is well known throughout the world. In 2017 it was acquired by Softbank group Corporation. Softbank group Corporation is a technology company in the country of Japan that is well known for its position in the markets. In an effort to increase their power in the financial industry they acquire the company Fortress Investment Group at a premium of $2.25 per share. This trade represented a $140 increase in valuation for the company. Peter Bridger is currently the principal and a cochairman of the board of directors for Fortress Investment Group. He helps to manage part of the company’s credit division.
Peter Bridger originally went to school at Princeton University where he received his bachelors of arts degree. He went on to continue his education by obtaining a graduate degree and Masters of business administration from the Wharton school of business at the University of Pennsylvania. He then went on to work at Goldman Sachs. Goldman Sachs is one of the largest and most respected members of the financial industry in the world. He had a tenure of around 15 years at the Corporation and managed to become a business partner for them. While he is one of the most significant forces that created revenues for Goldman Sachs he felt that he was not fairly compensated for the revenues that he generated the Corporation. In response to this undervaluation, Peter Bridger went on to join a workers investment group in 2002 ending his 15 year long career with Goldman Sachs.
Today he continues to serve as principal of fortress and a co-chairman of the board of directors. He had managed to build himself a significant amount of wealth through the trading of distressed debt, an asset class that very few other investors want to touch. By taking advantage of opportunities that he saw in the aftermath of the financial crisis of 2008 he was able to purchase assets at the discounts. By purchasing these assets at steep discounts, he was able to generate an impressive internal rate of return. Some of these rates of return have increased to almost 25%, and there is evidence that he is still getting these levels of returns even today. While the financial crisis is over it does seem that Peter Bridger is still profiting from distressed assets. Peter Bridger will continue to capitalize on any opportunity that he sees in distressed assets in order to help propel Fortress Investment Group to the future.