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.