From the moment it was formed in 1998, as a private equity firm, Fortress Investment Group has vastly become a trendsetter in the industry of financial management. This was first highlighted in the 2007 public offering where it was declared the first large-scale private equity firm to go public. As at today, Fortress Investment Group is a leading diversified investment management company that manages more than $43 billion worth of assets, and 1,750 investors in capital vehicles, as well as hedge funds. Moreover, the company firmly believes in low-risk returns for investors. But all this would not be possible without the help of Wes Edens, one of the co-principles of the firm.
The success of an organization depends on leadership. As for Fortress Investment Group, Wes Edens has been an exceptional leader always working hard to come up with viable investment strategies for the business. With the help of his business associates, Fortress Investment Group was formed to help clients in asset management. But that is not all about this successful business professional because he is also the owner of Milwaukee Bucks, and FlyQuest, an esports team.
With that said, Wes Edens started building his career immediately after graduating from the Oregon State University with a degree in finance, and business administration. In 1987, he landed a position at Lehman Brothers serving as the managing director. His next employment was at BlackRock Asset Investors, a private equity company affiliated to BlackRock. Edens held the position until 1997 when he opened a new chapter of his career working at Fortress Investment Group. Under his leadership, the company the company gained tremendous popularity followed by an underrating at the Nomura Holdings after it acquired about 15% of the shares.
In 2009, Edens was promoted to serve as the co-chairman of the firm. In his tenure, he helped the company to recuperate following the 2008 market crash that affected the real estate industry. Between 2015 and 2016, he served as the chairman of Fortress Transportation, as well as Infrastructure Investors LLC. When it comes to contributing to the growth of the company, Wes Edens has been a catalyst for the purchase of Springleaf Financial Services. Since he saw potential in the company, he made sure that Fortress Investment Group acquired it. Over the years, Edens has shown tremendous support to clients. For that reason, he retained his position when Softbank Group bought Fortress Investment Group.
Wes Edens’s Facebook Page: www.facebook.com/public/Wes-Edens