Fortress Investment Group: Getting Stronger After the Recession

The United States and other developed countries experienced a great economic recession that lasted for two years, from 2008 to 2009. Companies in the United States are the most affected because their value decreased and they lost a lot of investments. However, one company stood out during the recession because they managed to get through it, and their assets even increased during the times when most of the companies are experiencing losses. The Fortress Investment Group managed to receive excessive attention after the company stated that they never felt anything negative during the economic recession of the year 2008 to 2009. They even claimed that they are prepared whenever a recession strikes, and when the real problem began, they knew what to do because they have already readied themselves. The Fortress Investment Group was conceived by three entrepreneurs – Wesley Edens, Rob Kauffman, and Randal Nardone. These three gentlemen had the idea of creating an investment firm during the late 1990s because they wanted to earn more money. They have seen how the BlackRock Financial Management Inc. earned so much money in only a short period, and they wanted to emulate the success of the company they have worked for in the past.

The investment firm opened its doors for investors in 1998, and nine years later, they offered the company to the public, allowing them to buy corporate shares and trade them off whenever they please. The Fortress Investment Group back in the year 2007 is considered as the largest private equity firm to be traded publicly, and they stated that it is an honor that many people wanted to buy their stocks because they see the company’s potential. Almost 8% of the company, or around $600 million in value, was given to the public for trading. Today, the decision of the founders to offer the company at the stock market is considered as one of the best decisions that they have ever made because they are earning a lot of money from the fluctuation of the market and many clients are looking out for them with the goal of investing using their platform.

The company has proven so many times that they are one of the best investment companies in the world. They are ready to help those who have encountered financial challenges, like the organizers of the Winter Olympic Games which was held in Vancouver in 2010. The Fortress Investment Group is one of the financial donors of the Olympic Village, and they helped the organizers build the place where most of the athletes would stay because they wanted the Olympic Village to become one of the company’s legacies. After the original financier of the project backed out, the organizers of the games looked for a firm that could help them with the funding in the least amount of time possible. The Fortress Investment Group is one of those who volunteered to build the Olympic Village, and after the games, the structures were donated to them as a token of gratitude. Hidden Fortress: Behind SoftBank’s $3.3B buy of the asset manager