Randal Nardone continues to demonstrate skills and expertise in managing Fortress Investment Group, an organization he managed to start back in in 1998. The idea behind starting the organization was to ensure that all the members of the public who needed significant support in financial industry get it from the company. The company started at a period when other organizations were not offering quality and reliable services to the needy customers.
Due to the ability of the organization to attract a huge number of customers, Fortress Investment Group has been able to expand it wealth significantly to the point that it manages a significant amount of wealth as compared to other wealth managers in the industry. A report published in 2016 highlighted that Randal Nardone and other executive members of organization are managing more than seventy billion dollars.
Managing about seventy billion dollars of alternative assets is a significant impact to the organization that started just three decades ago. It is a clear demonstration that the company has been reliable which makes it to attract a significant number of customers. The assets managed by the organization are divided into three cases; credit funds, liquid hedge funds, and private equity. Managing assets of this magnitude shows that Randal Nardone has built one of the best hedge fund managers in industry.
One may wonder how Randal Nardone, at only 51 years, has been able to achieve this success. However, it is evident that Nardone is a dedicated person who spends much of his time in the office trying to come up with some strategies and policies that will help company to move into the right direction. Additionally, he has a wide network of other influential leaders who could have played a key role in helping him to expand his business.
Lastly, Randal Nardone could have accepted the bid to sell his company due to the probability and the opportunity of expanding the firm to Asia. The Japanese investor is supposed to create an opportunity where the company will easily move its operations to the Asian region where there are few number of asset management entities.
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