Category: Financial Institution

Fortress Investment Group: Scaling the Heights of Asset Management

Fortress Investment Group: Scaling the Heights of Asset Management

When Wes Edens joined his associates to start an asset management company, he did not know that the company would turn out to be an internationally recognized financial services provider. Today, Fortress Investment Group has scaled the heights of becoming one of the leading asset management firms in the country.

The Establishment of the Company

Over the years, Fortress Investment Group has become a competitive asset manager that handles liquid hedge funds. Established in 1998, the firm is located in New York, and since then, it has been able to provide outstanding financial services due to its expertise in the field of investment. As at now, the company handles about 1,500 organizations with some of these organizations being private companies. Also, the company has employed over 800 workers to assist in asset management.

Company Profile

Recently, an article was posted in Patch.com. According to the article, Fortress Investment Group attributes its success to innovation as well as the ability to adjust to high-risk returns. Having been recognized as the first private company to be part of the New York Stock Exchange, the company has rightfully earned a stellar reputation over the years.

Services Provided

Currently, the company offers a broad spectrum of services by managing about $43 billion of assets in different units. In addition to that, the company boasts of having the right expertise to handle asset-based investments, general knowledge of different competencies, capital markets, and hedge funds. Besides, the team of management handles clients in three different segments namely; private equity credits, permanent capital vehicles and special opportunity funds.

Growth and Expansion

The first decade of the company’s existence included the culmination of its initial public offering. In 2006, the company had expanded its operations to different units including the Drawbridge Special Opportunities Fund, and Fortress Brookdale Investment Fund. On top of those accomplishments, the company added two major players to its portfolio of services. Michael Novogratz joined the company from Goldman Sachs where he served as the fund’s manager. Moreover, he proceeded with the role until when it was time to leave in 2015, where he turned to different roles in the development of cryptos. Above and beyond, Peter Briger joined the company with a wealth of knowledge in finance and asset management. As such, the company became a revolutionary investment advisor controlled by major experts.

For Handling Your Business Affairs

Commercial banking, institutional services and mortgage banking are the three core specialties of NexBank Capital. This extraordinary institution has been around for a century, and it has helped to revolutionize community banking. Located on 2515 McKinney Avenue, this is one of Dallas’ top financial institutions and for good reasons. NexBank Capital has a heart of gold as well as deep pockets. Building, storing and investing assets is what it does on a daily basis. This bank provides a personal feel once you become a client/customer. You won’t necessarily have to fight the enormous crowds just to get service, which is a downside of national banking.

Being a part of a community has its advantages. NexBank Capital is the perfect personification of what a proper community bank is. The services are extensive, the professional service of the staff is wonderful and the atmosphere is very productive. When you join a bank like this, you’ll definitely become a family member. NexBank Capital surely serves its community to the fullest. In 2016, PRN News named this financial institution as the fastest growing online bank in America. That’s right! Having the ability to earn while you save is the name of the game. Its flexibility is one of its main attributes unlike the inflexible national banks. NexBank takes pride in serving its clients and is looking to build a long-term relationship. There is no hi-and-bye situation with this club. Some of its many services included are:

  •  IRAs
  •  Certificate of Deposits
  •  Checking Account
  •  Savings Account
  •  Public Funds
  •  Mobile Banking
  •  Online-Bill Pay
  •  Free Checks/Free Deposits
  •  And numerous others

Of course, this article can’t hold the enormous amount of information about the bank, but hopefully you have a better sense of what to expect. NexBank Capital has leveled-up for the future by building a rock-solid past.