Even though he is quite famous, a few individuals across the global financial industry are unaware of Randal Nardone. Nardone is 51 years old, and New York-based an investment specialist who doubles up as the founder of Fortress Investment Group and deals with freedom checks. His path towards the financial sector is somehow unconventional of a great investment.Nardone is a learned fellow. He did graduate from the University of Connecticut with a Bachelors Degree of Arts/Science. He soon followed it up with a postgraduate doctorate of jurisprudence that acquired this from Boston University. As a fully trained lawyer, Nardone’s initial high profile undertaking was as the head of prestigious law firm known as Thatcher, Proffitt, and Wood.
By nearly all indications, Nardone was an exceptional lawyer. He was so good that he was on his way of being made partner. However, Nardone discovered that his real passion lay in the business of finance and dealing with freedom checks. This dream made him quit his prestigious job as a lawyer. After doing so, he immediately joined the Blackrock investment firm where became one of the principals and started the freedom checks payment methods. He later left and joined UBS where he acted as a Managing Director.Regardless of formal financial education or training, Randal Nardone stood out as a person with a good nose or knowledge for some of the most profitable and desirable investment options. In 1998, in partnership with Rob Kufman and Wes Edens, they co-founded another fortress group known as the Fortress Investment Group.
While his partners had been distinguished financiers, Nardone got identified as the main leader and took on the CEO position here, a dignified position that he actively held until the sale of Fortress to Softbank.While acting as a lawyer and the same time making it big across the financial world may not be such an oddity, Randal Nardone did distinguish himself as one of the driving forces behind different investment strategies at Fortress Investment Group. This firm opted to focus on alternative investments as opposed to having one-dimensional focus across the capital markets, an aspect that has seen the company realizing success after success.Softbank maintained Nardone as a principal after acquiring Fortress Investment Group, a testament that he was a profitability driver. He made people stop questioning if freedom checks are legit or not.
Chronicle of the Week recently published Haley Thompson’s article “With $3.3-Billion Acquisition of Fortress Investment Group, SoftBank Looks to Branch Out.” The article details the recent acquisition of a leading investment management firm by SoftBank. SoftBank was created nearly forty years ago in Japan and is seeking to take the company to the next level with the recent acquisition. The $3.3-billion deal will have little impact on the way Fortress Investment Group will function on a day to day basis. SoftBank even made it a part of important business dealto manage the company in a hands-off manner.SoftBank was founded by Masayoshi Son in the early 1980’s when he wanted to become a wholesaler of PC software.
However, the company soon grew to computer publishing as well as trade shows. In 1996, the fate of the company changed when it gained the controlling interest of Yahoo! The company has grown ever since with more than 400 internet based companies under its wing. It is also well known for its interest and development of technology startups.However, the recent acquisition of Fortress Investment Group reveals that SoftBank is ready to evolve in another way. The company was co-founded by Randy Nardone and Wes Edens in 1998. It soon grew into one of the largest asset management company that was dedicated to alternative assets. The company has more than 1750 private investors.
The company will continue to act independently and will stay in New York City. SoftBank will not have much say in how the company manages its $40 billion in assets. Many transactions are subject to the view of the Committee on Foreign Investments company in the U.S. which is why Fortress would only sign off on the deal if SoftBank relinquished the power to say how the assets are managed.Fortress Investment Group has seen a lot of exciting development in the last decade or so. One of the first big headliners for the company was when it went public in 2007. It was the first company of its kind to be publically traded on the New York Stock Exchange. Softbank has also acquired and developedthe Vision Fund.
Eric Lefkofsky was born in Michigan, and he has alway valued education. Eric Lefkofsky came from a hard-working family, and his family encouraged him to excel in all of his endeavors; that is exactly what he did. Lefkofsky went to the University of Michigan and got his Masters degree; he later went on to receive his Juris Doctorate. After finishing his studies as the university, Lefkofsky wanted to start his own company, but he did not have the funds to start it on his own. He got together with a friend, and together they were able to get enough funds from friends and family to start their very first successful company. After starting that first company, Lefkofsky went on to create several more successful businesses. Now Lefkofsky is an entrepreneur who has started some of the most well known companiesin the world.
The Success of Groupon.com
Lefkofsky created the company that later became known as Groupon. Groupon.com is now an international retail company that can sell anything from small electronics to exotic getaways. Groupon is able to bring clients whatever they desire at a discounted fee. Groupon is a multibillion dollar company that was later sold to Google.
Lefkofsky and His Giving Spirit
Eric Lefkofsky and his wife founded the Lefkofsky Foundation. This is a foundation that gives back to local community in Michigan; it also helps children and families all around the world. There are plenty of individuals who selfishly keep all of their good fortune to themselves; they do not feel like they have to help out anyone else. That has not been the case with Erick Lefkofsky. Eric Lefkofsky has been able to find his huge success for himself and his family, and he truly believes in giving back to those individuals who have had less opportunities in life.