In today’s investment arena, where nearly every physical investment seems to have an accompanying derivative being traded, either for or against, its success, having a firm to turn to that can help sort out all of these alternative asset investment options is a meaningful component of anyone’s contact list. Fortress Investment Group, co-founded by Randal Nardone, seeks to demystify all of these alternative vehicles. Knowing what they are and how to use them will help investors to then decide which they want to use. Anyone long a large position of blue chips can easily make additional money on their investment by betting on which way the stock price seems poised to move.
If invested long-term in a position, shorting it because there is something that is glaringly obvious regarding a downturn in the value is a smart move, or even writing puts, and then calls, are lucrative advanced strategies. Being a long a position does not mean standing still while the market gyrates. Randal Nardone knows that using that position to make money on your original investment is a very sophisticated, and incredibly smart move to make which is why he co-founded this firm.
Randal Nardone has been a Principal of Fortress since 1998 and has also been the Chief Executive Officer since 2013. His positions in firms in the financial industry are not limited to just his work with Fortress Investment Group. He is also the President of Ncs 1 LLC and he is also President and Chairman of Springleaf Holdings. In addition, he is Vice President and Secretary of Newcastle Investment Holdings.
Educated at the University of Connecticut, Randal Nardone received his B.A. in English and Biology, and then went on to receive his J.D. from Boston University. In late 2017, Softbank completed their acquisition of Fortress Investment Group for $3.3 billion, so all of his education and work in the financial industry appears to be paying off. Softbank has constantly branched out into new areas as it grew near-exponentially and for this reason, it makes sense to have invested in a firm that has also been seeking new areas to branch out into. Both firms have fought to rebrand themselves as they continually redefined their focus. This acquisition made sense.