People have different stories regarding their life towards establishing successful business ventures. It is essential to understand how specific individuals have used the expertise and knowledge acquired to succeed in life. He is an accomplished investment individual that has been changing the world of financial investment to incorporate technological change. Randal Nardone is the co-founder and director of Fortress Investment Group LLC. Having graduated with a degree in Arts/Science from the University of Connecticut and subsequently a Doctorate in Jurisprudence from Boston University, Randal Nardone embarked on a mission to establish a leading investment company that would bring change in asset development and management.
Before establishing Fortress Investment Group LLC in 1998, Randal Nardone worked in different managerial positions at BlackRock Financial and UBS. Here, he performed to his best and gained investment knowledge that played a key role in the establishment of his own company. Fortress Investment Group LLC focuses on investment management with the key area being on private equity investment. The company is headquartered in New York City in the United States of America. Since its inception, the company has grown in asset management to an approximate $40.9 billion of assets under its management as per the end of March this year. As such, credibility and efficiency have been the core values that have made the company to reach greater levels in its performance. Through its good leadership structures, the company manages assets on behalf of over 1700 institutions across the world.
The company focuses on hiring of professional employees who have maintained good company principles and values. As such, it has over 900 asset managers that are spread across the entire US and other offices globally. Through the leadership of Randal Nardone, the company has developed tools for assessing operations and strategic challenges that may hinder their success. Through this, they are able to monitor and come up with solution affecting different types of investments. He is a member of the board of directors and as such, he engages in corporate mergers and acquisitions to ensure optimum structuring and execution of a given investment plan. Many people have appreciated Randal Nardone and recently, Forbes named him at number 557 richest people in the world. In addition, he has a net worth value of over $1.8 billion thus making him an influential figure in the investment field. As such, he has built a legacy that is being emulated by upcoming investment personalities and business people.