In today’s high-tech world where business gets done at an ever increasing rate, people need to be even smarter with their finances. That is why investment management continues to become a key component to success.Obtaining wealth is tricking enough. Maintaining and even building on it can be even more so.That is why an investment management firm such as the Fortress Investment Group is so valuable to their clients. In terms of track records, Fortress stands out as an alternative asset management group that has had success over the years. In late December 2017, the company was bought by Softbank Group for an estimated $3.3 billion dollars and made into subsidiary. However, Softbank chose to keep the Fortress Investment name as a show of the high regard the Fortress brand has in its field.In a world where there are a greater variety of ways to spend capital, Fortress Investment tends are known for its strong alternative asset management abilities.
According to some estimates in 2016, Fortress was managing approximately $70 billion for its clients. Much of the money was involved in alternative investment forms instead of the more traditional investment vehicles such as stocks and bonds.Founded in 1998 and based out of New York City, the Fortress Investment Group has steadily developed over the past two decades. During the early part of the firm’s existence, growth was fairly quick in its handling of private equities. By 2007, Fortress Investment was listed on the New York Stock Exchange, become the first private equity firm in the country to trade its own shares to the public.Despite suffering greatly from the bear market around 2008, the Fortress Investment Group rebuilt itself by focusing more on credit funds.
The Institutional Investor even named the company as the 2014 Hedge Fund Manager of the Year. The firm also was the main lender toward the developers who eventually built the Olympic Village for the 2010 Winter Olympics held in Vancouver, British Columbia, Canada. The Fortress Investment Group provides a number of services to its clients. It has four main services: private equity, liquid markets, assets under management, and credit. Among its specialties are commercial real estate, permanent capital vehicles (PCVs), and business loans particularly of the long-term nature. Fortress has numerous of clients in North America, Western Europe, and the Caribbean.