Fortress Investment Group has been in the limelight for quite a significant number of years. The American investment firm based in New York was founded in the year 1998. Wes Edens, Rob Kauffman, and Randal Nardone were the brainchild behind the establishment of the private equity firm. Fortress has maintained steady and commendable growth over the years. In 2007, the prestigious company was listed on the NYSE. It was the first-ever private firm to be traded in the open in the US. The massive growth of the private equity firm has seen it manage over 45 billion assets in liquid hedge and credit funds.
To continually soar in the industry, Fortress Investment Group has sought to appoint one of the great minds in the matter relating to financial services, Mr. Timothy Sloan. Mr. Sloan has been credited with the extensive growth of one of the prestigious courier companies, Wells & Fargo Company. Fortress Investment Group stands to benefit from the outstanding and deep experience in financial matters from Mr. Sloan. It has been depicted that Mr. Sloan will play an advisory role to the senior management team. While at Wells & Fargo company, he played significant leadership roles in real estate operations and headed the company’s financial department.
Mr Sloan’s extensive background in leadership and financial management will steer the growth of the Fortress Investment Group. The co-CEO of the New York based firm is confident about the move. He asserts the private equity firm will register significant profits and Mr. Sloan offers the much-needed financial advice. Currently, Fortress prides itself in having close to 2,000 institutional clients and investors. The firm operates with people in a wide range of industries that range from real estate, capital investment strategies, and private equity. The firm has highly diversified in its global investment with over 41 billion worth of assets under its management. Refer to this page for additional information