The sale of Fortress Investment Group is a strategic plan that many individuals operating in the financial industry cannot be able to deduce. A significant number of people have not been satisfied with the fact that the organization has been able to transfer its ownership to other investors from a different country. However, Peter Briger, who is one of the leading executive leaders at the company highlights several points that prove or justify why the company needed to be transferred to a new owner.
One of the main strategies that Peter Briger highlights is that Fortress Investment Group was trading as a public company which was owned by a large number of shareholders. This is had led to a situation where the management of the organization did not have sufficient authority as other investors, especially those with a massive number of shares had entered, though legally, to the management board of the organization.
A considerable number of individuals at the management board meant that many people were involved in the decision-making process of the company. A large number of people involved in the decision-making process would have probably been an important aspect that would have helped the company to come up with some of the best decisions in the industry. However, the company was not able to come up with quality decisions due to the conflict of interest.
Peter Briger records that most of the leaders who joined the organization, especially after acquiring shares wanted to maximize their wealth and earn huge profits. That was not a problem because Fortress Investment Group is highly focused on ensuring that the company can be able to help its investors to maximize their wealth. The problem is that most of the leaders wanted to get profits at the expense of growing the company. SoftBank’s Big Fortress Takeover Is A Bet On Infrastructure, Senior Housing And Mortgages
Denying the company the necessary funds for growth could cause the entity to experience extreme competition from other organizations in the same industry. Moreover, the decision-making process had become slow and tedious as many people had to be consulted and convinced. Peter Briger notes that it was essential to buy back the company from shareholders to make its operations efficient. Clik here
Gareth Henry is a professional who works in the financial services industry. Over the course of Gareth Henry’s career, he has held a number of key positions in the industry. In recent years, Gareth has worked as an executive where he would provide leadership to a couple of investment firms. His most recent position was at Fortress Investment Group where he served as the global head of investor relations as well as a managing director. In a recent announcement, Gareth Henry joined another investment firm known as Angelo, Gordon & Co. At this firm, he took the positions that he previously held at Fortress Investment Group.
After working at Fortress Investment Group for a number of years, Gareth Henry moved on to pursue an opportunity with Angelo, Gordon & Co. The firm offered Henry the opportunity to serve as a partner as well as being in charge of both investor relations and bringing in clients to the firm. These roles are very familiar to Henry and therefore, he should have a smooth transition at his new employer. Henry was very pleased to be offered this opportunity because he believes that Angelo, Gordon & Co is a quality financial services firm.
For several years, Gareth Henry worked at Fortress Investment Group. During his stint at this firm, he helped it become one of the premier firms in the world. He helped the firm expand to many parts of the world which resulted in more clientele. Gareth held very important positions at this firm where he would be in charge of marketing and investor relations. While working at Fortress Investment Group, Henry would establish himself as one of the top executives in the financial services field.
Before Gareth Henry worked as an executive in the field, he spent a number of years working as an analyst as well as a researcher. As an analyst, Gareth would evaluate financial securities and make calculations to forecast their value. He would also research different asset classes to help his firm find the best investment options for clients. Henry worked at a couple of top investment firms based in London including a firm called Schroder’s.
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Wes Edens is one of the Fortress Investment Group principal based in the New York City and a co-founder of the company too. Wesley is the private equity chief investment officer at his company and also has investments in various other industries such as media, financial sector, healthcare providers, real estate, infrastructure as well as transportation. Edens serves at different capacities in the leadership of the company such as co-chief executive officer, head of private equity and principal of private equity. Before the Fortress Investment Group was founded in 1998, Edens worked as a partner at BlackRock Financial Management, Inc. where he was the managing director for a long time. Previously he also served as the managing director and partner of Lehman Brothers.
Wes Edens was also awarded the title of “New King of Subprime Lending” from the Wall Street Journal as a result of his commitment and hard work when Fortress Investment Group bought subprime lender Springfield Financial Services as his idea. Subprime lender Springfield Financial Services which was initially known as “AIG’s American General Finance.” By 2015 and was going to be a great addition to the benefit of the Fortress Investment Group since at the time it owned up to a maximum of $3.5 billion in assets. As time went by, Fortress Investment Group also bought “Centex Home Equity Company, LLC” which was at the time a subprime mortgage lender. Later, Centex Home Equity Company, LLC would be renamed to “Nationstar Mortgage,” and Wes Edens took the chairman position at the company.
WEdens’ interest in the finance sector cannot be ignored therefore due to his significant contribution to the industry. He is also a great fun of sports and in 2014, together with his partner, decided to purchase Milwaukee Bucks for $550 million. Edens also went ahead to promise the former Milwaukee Bucks owner Herb Kohl that he would in future engage in building a new arena for the team and also that he would see to it that it remained in Wisconsin. Wes Edens studied finance and business administration at Oregon State University which set him a right path to his success in the finance industry.
Fortress Investment Group’s co-founder Wesley Edens is not only the top administrative official for the company’s investment operations, but also a co-owner of the Milwaukee Bucks basketball organization. The five-hundred-million-dollar acquisition from Edens, along with partner Marc Larsy in 2014 brought about the guarantee that the team would remain in Wisconsin and a new arena would be built for the team’s home games. Previous owner Herb Kohl was weighing the option of selling the franchise and relocating the team to what would have been the new owner’s desired location, rumored to be either Seattle or Las Vegas, had state funding for the new arena collapsed. Governor of Wisconsin Scott Walker and the state’s lawmakers decided in a 21-10 vote that two-hundred and fifty million tax-payer dollars would be allocated for the construction of the complex, with the remaining amount being the responsibility of the owners. Completion of the sports complex is slated for this year 2018 and will reside in the heart of Milwaukee’s downtown business district.
Wes Edens received his Bachelor of Science degree in Finance from Oregon State University. Shortly after graduation, he partnered with Lehman Brothers Holdings Inc. and also served as managing director. In 1993, Edens transitioned to BlackRock Investments and again regained his title of partner and managing director of the firm’s private-equity investment operations. He would later become one of five individuals to create Fortress Investment Group and was tasked with running the company’s private equity and publicly-traded investment division. He also serves as Co-Chairman on the Board of Directors as well as a brief stint as Chairman of Fortress’s Transportation and Infrastructure LLC from 2015 to 2016.
Wesley Edens is credited for Fortress’s acquisition of Springleaf Financial Services, which at the time was known as AIG’s American General Finance. With an original investment of one-hundred and twenty-five million dollars in 2010, Edens and Fortress were able to use their knowledge and expertise to build-up the investment portfolio of Springleaf and in 2015, the company’s value was at a staggering three and half billion dollars. Edens would later become chairman of Springleaf and another company that Fortress also acquired in a merger in 2006. That company was Nationstar Mortgage, which was originally founded under the name Centex Home Equity Company, LLC. The 2006 acquisition for five-hundred and seventy-five million dollars propelled Fortress’s investment portfolio and monetary value under their supervision in the billions of dollars worldwide.
More recently in the early part of the year 2017, Fortress created a professional video game team called FLYQUEST. The team competes in the League of Legends tournament at the North American League of Legends Championship Series. Their participation in the Spring and Summer events awarded them a fourth and seventh place finish. General Manager Ryan Edens credits the owners for their dedication to the team’s efforts but stresses the importance of giving more to the fans. The fans are what drive the team to compete and nothing less than first place is acceptable to the players and to the fans with whom they represent.
For More info: en.wikipedia.org/wiki/Wes_Edens
There are several millionaires out there with a futuristic vision and a love for new technologies. They have invested heavily in tech, and they are now reaping the rewards as we become an increasingly connected and technophilic world. While some of these investors are investing in their own futures, there are others that are investing in the futures of mankind. People like Jason Hope are taking their ability to tell what is going to win in the future and turn it around to help those that really need it. Jason Hope is a true philanthropist. Jason Hope Pledges $500,000
In 2010, Hope started his road to philanthropy when he donated a half-million dollars to the SENS Foundation. This foundation is focused on finding ways to create longer and happier lives in millions of people all over the world. They use science and new technologies to research anti-aging remedies and cures for diseases that age the body and mind beyond repair. For this reason, Hope wanted to support and invest in the foundation. Entrepreneur Jason Hope Invests in Research Against Aging
Since 2010, Hope has donated over $1 million to the SENS Foundation. He especially likes that the foundation is taking a scientific approach to attacking aging. Rather than simply trying to find a way for people to live forever, they are actively attempting to attack diseases that are preventable. Their goals are much more attainable than several other companies that are attempting to find the proverbial fountain of youth through the use of potions and elixirs. SENS is actually using emerging technologies and innovative ideas to find ways to stop things like Alzheimer’s from ever affecting another person again. That is why Jason Hope, a futurist and lover of technology himself, is so willing to donate his money to this cause. Understanding the Internet-of-Things Revolution: A quick guide for thriving in the IoT era
Jason Hope has always been interested in new and emerging technologies. Ever since his graduation from Arizona State University, Hope has attempted to learn everything and anything about innovative technologies and trends in the industry. He started a mobile communications company at an early age and has been an avid investor in new startup companies. He has even started a grant program for new investors that have a good idea but not enough capital to get it off the ground. Jason Hope: The Entrepreneur from Arizona
SENS is not the only recipient of donations from Jason Hope. Several other foundations and organizations, such as the Boys & Girls Club, Family Health International, T Gen Foundation, the Arizona Science Center, and the Leukemia & Lymphoma Society have received generous donations from this philanthropist. As long as Jason Hope is a futurist, we can all agree that we have something to look forward to. Jason Hope’s Hard Line Stance on the Internet of Things
Highland Capital Management is a financial services firm that is based in Dallas, Texas. As well as being located in Dallas, the firm has a number of offices in various parts of the world as well. As of today, Highland Capital Management has office locations in New York City along with other financial hotspots in the world. The firm has offices in Sao Paulo, Brazil, Seoul, South Korea, and Singapore. With these various locations, the firm is able to assist a number of clients throughout the world that are looking for comprehensive financial services. The firm has been in existence over 25 years and has grown from a life insurance company to a full fledged financial services firm. As a way to stand out among its competitors, the firm specializes in using debt and credit backed securities to help manage clients’ capital. Read this article at Dallas News.
Whenever a business, organization or individual works with Highland Capital Management, they will be in position to take advantage of a number of services that will benefit them. For individuals looking to get help from Highland Capital, they will have the opportunity to get assistance in terms of guidance and investment management. The firm will assign professionals to give them advice on what to invest in and how to attain a number of goals they have financially. Highland Capital is also available to help organizations that are looking to manage their funds. Corporations and government agencies can receive advising and capital management on a regular basis.
Like all other successful organizations, Highland Capital Management has leadership that is among the most notable in the industry. When the firm first began, it was co founded by James Dondero and Mark Okada. James is still the president and co founder of the firm today. Under the leadership of James Dondero, Highland Capital Management has grown steadily as well as offering more innovative services to help clients get the most out of their investment capital. Dondero frequently analyzes the financial markets so that he can lead his company to helping its various clients. With his leaderships, James has been able to build his firms into one of the most successful in the financial services industry. Learn more about Highland Capital at Affiliate Dork.
Equities First Holdings was founded in 2002 and currently has offices worldwide. Some office locations include the United States (Indianapolis, Indiana), United Kingdom (London), Australia (Several locations), China and Hong Kong. The dedicated staff at the Equities First Holdings United Kingdom location is dedicated to providing exceptional financial services to their clients. The London based office was acquired from Meridien Equity Partners by Equities First Holdings in September of 2014. Equities First Holdings is an investment and advisory financial institution. In addition to financial advice Equities First also helps provide margin loans and shareholder financing options to customers and more
Equities First Holdings, LLC has been involved in the business of supplying alternative financing solutions since 2002. The capital provided is given against publicly traded stocks, and is known as a stock-based loan in general terms. The stock-based loans can be used for any purpose since they are unrestricted. The company has carried out more than 700 transactions summing up to more than $1.4 billion since its incorporation. Equities First Holdings has branches in nine countries among them being USA, Singapore, Hong Kong, Thailand, United Kingdom and Switzerland.
A Fast Growing Company
Recently the Australian branch relocated its offices to Melbourne in a bigger office space to accommodate more people. The new location is in the center of Melbourne, and will be readily available to more clients. Apart from Melbourne the company also has branches in Perth, Sydney, and Australia. EFH provides efficient lending solutions to businesses and individuals seeking non-purpose capital. The loans are usually straightforward and effective; they are also readily available to investors. This type of funding is cheap compared to other types of equities. Thus, it is becoming popular among investors due to its convenience.
Adequate Funding During Harsh Economic Conditions
The capital offered against publicly provided stocks is very effective during harsh economic conditions. The money provided by banks and other lending institutions is not effective during the harsh economic conditions; it is hard for investors to acquire capital during those times. EFH comes in handy to offer stock-based loans. This has made the company a famous a trusted financier by many investors. During harsh economic conditions, an investor only needs to have publicly provided stock to be used as collateral when acquiring a loan.
A Fast Form of Capital
EFH processes the loans very quickly; they have a non-purpose feature. The investor does not have to state the purpose of the loan to acquire a loan. Therefore, stock-based loans are forms of capital funding that every investor should consider.
Highland Capital Management has decided to close a healthcare-centered private equity fund with an amount of $147 million in capital commitments. South Korea’s National Pension Service was the main investor for the fund, and investors that were part of the investment have objectives within the healthcare space as well as investment returns.
Highland Capital Management will work with Stonebridge Capital Korean private equity firm, in order to co-manage the fund. This will be the very first private equity fund in Asia related to healthcare and most investments made so far have been on either a direct basis, or by way of multi-purpose tools. Healthcare is the main industry for exposure for the firm and Highland Capital Management has more than $1.5 billion in healthcare assets.
Highland Capital Management is located in Dallas, Texas and has offices in New York, Seoul, Singapore, and Sao Paolo. Highland Capital Management is an experienced alternative credit manager on a global scale and specializes in credit hedge funds, loan obligations, and credit strategies, to name a few. Highland Capital Management also offers alternative investments including natural resources, emerging markets, and long/short equities.
Highland Capital Management has a very diverse client market that includes corporations, financial institutions, fund of funds, high net-worth clients, pension plans, endowments, and foundations.
Highland Capital Management holds community in very high regard and invests in the communities where their employees not only work but live. The firm invests through generous volunteerism, financial donations, and advisory board involvement. Highland Capital Management donates not only to the local communities, but to national nonprofit organizations as well. To date, the firm has committed over $10 million to various charitable organizations all over the world and continues to be supportive of good causes.