Glenn Laken

The Role of Employees towards the Success of Fortress Investment Group.

Most of the big companies in the investment management sector tend to concentrate so much on their external customers, who are the clients, and often forget to recognize their internal customers, the employees. This is a factor that has led to the downfall of most of the companies. Employees constitute a very fundamental part of any organization and can determine whether a company excels or fails. This is a fact that many companies ignore, and could bring to their collapse if enough attention is not granted. Fortunately, Fortress Investment Group, with the help of its able presidents, have realized the importance of employee satisfaction to the organization’s success. Due to this, the Fortress Investment Group has designed a masterpiece strategy that they have been using to recognize and acknowledge the best performing staff members.

This tactic has gone a long way to enhance the motivation of the employees and consequently increasing their productivity. Another method that Fortress Group uses to motivate their staff is by providing free training and opportunities to sharpen their professional skills. This has been through facilitating education programs for their staff. Promotion opportunities have also been provided with a lot of fairness at Fortress Investment Group. All the employees are provided with equal opportunities to rise the job ranks, depending on their performance and leadership ability. All this fairness has made the employees working at Fortress love the company and continue serving their clients with a lot of kindness.

They have also marketed the company to prospective customers hence leading to the increase in the company’s portfolio.Fortress Investment Group manages assets and wealth of their customers who comprise both institutions and other individual clients. More than 1800 investors have trusted Fortress with their investment to manage, which amounts to more than $63 billion. Apart from the investment management operations, Fortress Investment Group also engages in corporate social responsibilities (CSR). Here, the company engages in activities that are geared towards the improvement of the society and the surrounding environment. For instance, it engages in philanthropic activities where it funds education for the less privileged families’ children. This is an activity that has been greatly supported by the three leaders, especially Peter Briger.

Randal Nardone – A billionare by choice

As a self made man, Randal Alan Nardone at some point reigned number 557 on the list of Forbes Billionaires (at $1.8 Billion Dollars). Having an educational background from The University of Connecticut (Bachelors Degree) and The Boston School Of Law (Juris Doctor) Randal Nardone started out working with Thatcher Proffitt & Wood and went on to climbed his ladder of success through BlackRock Financial and UBS until he began his entrepreneurial journey. Cofounding the famous Fortress Investment Group in 1998 with Wesley Edens and Peter Breiger Jr. Acting as President, cofounder, and Principle, Randal Nardone was finally admitted to the board of Directors in November 2006.

Aside from his roles in Fortress Investment Groups Randal currently holds 4 Board and Advisory positions; at Gagfah (Director), Springleaf Holdings (Director), Brookdale Senior Living (Director), and New Residential Investment Group (Executive Management). Randal Nardone graced the pages of the Forbes in the year 2007 as a result of Fortress Investment Groups IPO on the NYSE (New York Stock Exchange). With possessions on 53 million shares (at the time worth something around 1.7 Billion Dollars) and earning around $100 million dollars in other compensations his net worth was established. That was short lived because as his return to Fortress Investment Group and CEO in late 2011 that title was no more.

With Randal Nardone at the reigns of the firm, its AUM (assets under management) had grown from around $43 Billion to recorded on June 30, 2016 $70 Billion. His efforts did not go unnoticed, in 2014 his guidance gained Fortress the accolade of “Hedge Fund Manager of the Year” from Institutional Investor and well as “Management Firm of The Year” from HFMweek.In more recent developments, the highly revered Japanese investment giant SoftBank has made an acquisition of Fortress Investment Group in December of 2017 for $3.3 Billion Dollars. Randal Nardone has truly experienced much in his 61 years, being affiliated with a whopping 26 entities according to bloomberg.