Randal Nardone: Leading a Finance and Investment Managing Firm

Randal Nardone is one of the three visionary entrepreneurs who has founded the Fortress Investment Group in 1998. Before the establishment of the company, Randal Nardone and his colleagues are trying to think what kind of business they would have to build to become successful entrepreneurs. By looking at how the world of business and finance managed to grow tremendously in the past few years, they decided that an investment management firm is their best bet. Convincing his colleagues that an investment management firm would create millions of them, the group started the works to establish the Fortress Investment Group. Randal Nardone served as the company’s principal, but then his role has extended to becoming the company’s chief executive officer. He also led the company to the New York Stock Exchange, as it debuted to be publicly traded.

Managing the Fortress Investment Group requires the help of his colleagues, and Randal Nardone would always turn to his business partners whenever there is a hard decision that he had to decide upon. His colleagues have been helpful, and because they are cooperating, the Fortress Investment Group experienced sudden growth, and it became one of the leading investment management firms in the United States. Many investors have started to pour out their investments with the company, and as a result, their assets ballooned to more than $70 billion. Randal Nardone stated that their positive reputation in the field of business and finance is still attracting investors up to the present. Randal Nardone also tried to diversify the investment portfolio of the company, because he believes that doing so would prevent them to experience massive losses.

Presently, the Fortress Investment Group is the one that manages the loans and assets of several companies in the field of finance, hospitality, medical biotechnology, and retail, among others. Randal Nardone is passionate about his job, and he is serious in transforming the Fortress Investment Group into one of the leading investment management firms in America. He stated that the company would keep on expanding, as it was one of their primary goals when they established the company.Presently, the company has more than 2,500 employees, and they also own a lot of subsidiaries. Randal Nardone stated that they have also welcomed the proposal from a Japanese company about a merger contract, and it was signed in 2017 signaling a new chapter in the history of the Fortress Investment Group. Randal Nardone claimed that the merger would give the company a chance to explore new possibilities that would lead to its success.

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