The Successful Career of Fortress founder, Wes Edens.

Wes Edens’s financial career has been of great success and tremendous achievements. He is the true king of subprime lending. He was born in October 1961 and raised in Montana. He studied at Capital High School, he later joined the Oregon State University where he graduated with a Bachelors in Finance and Business Administration.He is a successful businessman and a private equity investor. He has worked at Lehman Brothers as a partner and a managing director. In 1993 he moved to BlackRock’s private equity division where he worked till 1997 as a partner and a managing director.Wes Edens partnered with Robert Kauffman and Randal Nardone to start Fortress Investment Group.

With an initial investment of $400 million, the firm kicked off its operations on the first of January 1998. He currently serves as the principal and co-chairman of the firm, the position he shares with Peter Briger.Two decades after its foundation, Wes Edens announced the sale of Fortress Investment Group at $3.3 billion in cash to Japan’s SoftBank Group Corporation. His total earnings accrued from the sale of the company amount to $512 million. His net worth is valued at $945 million.However, Fortress Investment Group continues its business in New York City as an independent business corporation. It also retains Wes Edens, Randy Nardone, and Peter Briger as its core principals in a five-year contract.He is a widely recognized philanthropist who channels his time and funds to arts organizations, education, and health matters. He has actually donated over $2.6 million to charity.

Martha’s Vineyard Hospital, Macalester University College, and University of Florida foundation are some of the main beneficiaries of his charity work.Wes Edens is interested in politics, he is a close ally to the Montana Senator, Max Baucus. He has channeled over $270,000 to a number of political parties and aspirants in the United States. In addition, he is a trustee of the Chinook Charitable Trust organization.He is renowned for his ownership of the Bucks basketball team. He joined hands with Marc Lasry to buy the Wisconsin team from Herb Kohl at $550 million. The Bucks basketball team is now valued at $1 billion.He is involved in sports, business, and politics. He is also fascinated by horse riding and mountain climbing, he has climbed the Matterhorn and Mt.Kilimanjaro located in Tanzania. He has been married to Lynn Edens for a long time and together they have four children.

For Fortress Investment Group, earning awards and maximizing the investment potential for their clients has been a key to their success

Fortress Investment Group LLC has been quite the success story in the world of finance since its founding in 1998. Fortress handles alternative assets in private equity, credit funds, and liquid hedge funds. Fortress manages the assets of 1,500 plus institutional investors and also private clients. Randal Nardone is the Chief Executive Officer (CEO) at Fortress Investment Group. Mr. Nardone has been the CEO of Fortress Investment Group since 2013 and held the interim CEO position at the company since 2011. Fortress Investment Group is an investment firm based in New York City. Fortress was founded by Rob Kauffman, Wesley Edens, and Randal Nardone.In the past, Fortress Investment Group has been masterful at timing the spinning off of a few companies in a successful way. However, with Softbank’s acquisition of Fortress, the company had not been fully ready. CEO, Nardone had quipped about the deal that he had wished that Softbank had had the funds to make many of the other firms profitable for all stakeholders involved in this transaction.

Randal Nardone has had prior experience working for UBS. At UBS, Nardone was the managing director. Besides UBS, Nardone also worked at Blackrock Financial Management in the Principal role. Before Blackrock, Randal Nardone made partner and was a member of Thatcher Proffitt & Wood’s executive council. By having a law background and handling the CEO position at Fortress quite efficiently, fellow executives, Wes Edens, and Robert Kauffman were part of one of the firsts concerning financial firms. On February 9, 2007, Fortress was the first private hedge fund to become a publicly traded company.In 2017, Softbank Group Corp (SBG), purchased Fortress Investment Group for over 3 billion dollars. The purchase of Fortress Investment Group by Softbank did not change the status of executives like Wesley Edens, Peter Briger, and CEO, Randal Nardone. SBG is a financial firm based in Tokyo, Japan.Some of the assets that Fortress has in their portfolio include Brookdale Senior Living, New Senior Investment Group, Fortress Transportation, Rail America, Drive Shack, New Media Investment Group, and New Residential Investment.

Randal Nardone, one of the co-founders of Fortress Investment Group, is currently a director at Brookdale Senior Living, Inc., Alea Group Holding Ltd as well as Eurocastle Investment Limited. Presently, Fortress manages these companies as part of their corporate portfolio. Fortress Investment Group has received many awards over the years. Fortress was named the “Management Form of the Year” by HFMWeek in 2014. Institutional Investor recognized Fortress Investment Group as the “Hedge Fund Manager of the Year.” Institutional Investor awarded Fortress Investment Group with the “Credit-Focused Fund of the Year,” and the “Discretionary Macro-Focused Hedge Fund of the Year.”For the 2010 Winter Olympics held in Vancouver, British Columbia, Fortress Investment Group was the principal lender to help the Millennium Development Group build the village for the Olympic Athletes in Southeast False Creek, Vancouver, BC. Because of this investment, Fortress Investment Group ended up owning the village once the 2010 Winter Olympics was over.

James Dondero and HCM Reach Cooperation Agreement with RAIT

As the co-founder and president of Highland Capital Management, James Dondero knows how to gracefully navigate through the complex world of investing. Recently, his firm reached a cooperation agreement with RAIT Financial Trust, and it looks like the new agreement will work out well for all involved. A real estate investment trust, or REIT, RAIT Financial Trust provides commercial real estate financing throughout the United States. The gist of the new agreement is that following the certification of the vote at the annual shareholders meeting, a new trustee will be appointed. The trustee will be one of two candidates who have been recommended by Highland Capital Management.Before delving more into the cooperation agreement between Highland Capital Management and REIT Financial Trust, let’s consider the background of this development. First, it helps to understand what Highland Capital Management is and James Dondero’s role in the firm. Highland Capital Management is what is known as an alternative asset firm. Founded in 1993 by Dondero and Mark Okada, it was originally based in Los Angeles but has been headquartered in Dallas for many years now. In the years since its founding, Highland Capital Management has enjoyed many successes–and many of them are directly credited to James Dondero.

So, who is James Dondero? If you know anything about the world of finance and investing, you are surely familiar with the name. Born in Hoboken, New Jersey, the 54-year-old Dondero hit the ground running with his career many years ago. He attended the University of Virginia, where he studied accounting and finance. Originally, Dondero was interested in real estate investing. Within five years of graduating from UV, however, he was managing $1 billion in fixed-income assets for American Express. Since then, he has been involved in many prominent deals and has made a major name for himself.

In addition to having an educational background in accounting and finance, James Dondero has more than 30 years of experience in the credit market. He is regarded as being one of the early pioneers of Collateralized Loan Obligations, or CIOs. Dondero is a Certified Management Accountant, or CMA, and he has earned the right to use the Chartered Financial Analyst, or CFA, designation. Today, he serves on the board of directors for American Banknote and MGM Studios. He is also chairman of the board of CCS Medical Corporation, NexBank and Cornerstone Healthcare. One thing’s for sure: He always has plenty to do.Highland Capital Management’s dealings with RAIT have been going on for some time. Ultimately, the alternative asset firm possessed considerable holdings in RAIT Financial Trust. According to filings made with the Securities and Exchange Commission, Highland owned 5.9 percent, or 5,282,377 shares, of the trust. RAIT is best known for its innovative CRE lending platform that provides personalized lending solutions. Highland moved to acquire the fund, but there was back and forth for a while. In early 2017, a cooperation agreement was finally made, and it looks like there is a definite plan in place.

What does the plan look like? Essentially, it means this: After the certification of the vote at the 2017 Annual Meeting of Shareholders, RAIT will appoint a new trustee to the Board of Trustees. This new trustee will be one of two candidates that have been recommended by Highland Capital Management. In this way, James Dondero and the team believes that RAIT and HCM will be able to work and collaborate effectively together. It is believed that the cooperation agreement will strengthen the RAIT board and do a lot of good for a lot of people.It will be interesting to see how things progress with Highland Capital Management and RAIT Financial Trust. With James Dondero at the helm, however, you can be sure that everything will work out perfectly. Dondero has a very impressive track record, including the fact that as Chief Investment Officer of Protective Life’s GIC subsidiary, he grew the firm from a startup to a $2 billion company in the space of just five years. That is just one of many examples of the great successes that have been achieved by the talented Highland Capital Management co-founder and president. Stay tuned for more developments about the cooperation agreement to see what happens next.

What you should know about Investment Banking and Martin Lustgarten

Building and raising capital is at the heart of every business. A country’s economic growth is highly dependent on its financial stability. The investment banking is an industry that seeks to create a driving force for necessary capital for institutions and companies. Investment banking takes on liabilities and policies from insurance companies. Investment companies are thus always protected in their investment. However, investment banking is not designed for individuals. It is designed for business and individuals that have high capital. The investment banking industry doesn’t work like a normal bank account. It has several complexities that are best handled by an expert in the field.

One of the factors that determine the success of an investment bank is a proper understanding of financial markets. Knowledge of mergers and acquisitions, brokers, securities, traders is very important for any investment banking venture. This section of the banking industry is handled by a professional known as an investment banker. The banker handles all types of investments made by the firm. He is the person that determines the success or failure of an investment company. A credible and talented investment banker makes the difference between success and failure of an investment company.

Martin Lustgarten is one example of a highly successful professional in the investment banking field. He is highly creative with investments and knows how to reduce business risks. He has gained the trust of clients as they fully rely on him. He guides most of his clients on creating a successful investment career. He doesn’t allow any of his customers to make blind decisions about future investments. People that deal with Martin are sure that it is spent well. Mr. Lustgarten ensures proper investments that last till the future.

Apart from his interests in investment banking, Lustgarten is a philanthropist that has worked with several organizations and charities. He has built a solid experience in the investment banking industry. That is why several media channel outlets seek advice from him regarding the financial situation of America. If you are interested in the investment banking industry, then Martin Lustgarten is one individual to work with.