Category: Financial

What Did Randal Nardone Gain When Softbank Acquired Fortress Investment Group?

Successful investors know when to “hold them and fold them.” The Fortress Investment Group was the first hedge fund to go public. But, eventually it was sold off to SoftBank. What did Fortress Investment Group Co-Founder Randal Nardone gain when SoftBank acquired his company?

Dramatic Rise to Top

Financial expertise is not gained in one day, it takes a long arduous journey. That might be what Business Executive Randal Nardone has learned. He started as a partner of the Thacher Proffitt & Wood Law Firm.

Randal Nardone was a managing director of UBS from May 1997 to May 1998. This might have allowed him to gain the expertise to determine the most profitable hedge fund strategies. He also learned how the best global financial brands operated.

On February 9, 2007, the Fortress Investment Group made history as the first hedge fund to go public. The firm managed an estimated $70 billion in 2016. Institutions had become flush with money and needed a viable way to earn the best return on investment (ROI). Fortress satisfied this need.

One of the many functions provided by the Fortress Investment Group was under its subsidiary, New Residential Investment. New Residential Investment purchased mortgage servicing rights. Building its business on housing finance is a secret to the success of the Billionaire Randal Nardone’s Fortress.

SoftBank Keeps Nardone in the Game

Timing is essential to earning the best profits. For centuries, the US property market slowly yawed upwards. Then, when it was denominated in the 1990s, it shot straight up. Fortress Investment Group rode that wave higher.

But, when the housing market soured, Fortress Investment Group Co-Founder Randal Nardone understood that it was time to sell. All of the value built up over the years needed to be retained. A sale to SoftBank offered the perfect vehicle. SoftBank paid $3.3 billion in cash for Fortress on February 14, 2017.

“What did Randal Nardone gain from the sale?”

Randal Nardone had a nice run for almost a decade. He had become a billionaire and new that the housing and financial markets were changing. He was able to earn a nice profit by selling to a powerful financial firm.

Mr. Nardone was able to stay in the game. He had made a good exit from an untenable position. No one could take away the fact that the Fortress Investment Group was the first hedge fund to go public.

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Joran Lindsey Talks Custom CCI Settings for True Trend Indicator

In Forex trading the main take away is to follow the trends. By keeping an eye on the trend indicator, you can determine if a given price is oversold or overbought. The tool that Jordan Lindsey uses for this is MT4, and he has shown in the setting he recommends to establish your environment successfully.

Starting with a new template you want to double-click on True Trend in the navigator where MT4 is going to attaching itself to the chart. The next step is to adjust the CCI trend to the 70-periods, and the Entry CCI to the 5-period.

It is important to note here that Lindsey has used different CCI Trends and Entry CCI before, but from his experience seventy and five are the most effective when determining the True Trend Indicator.

Moving on, you can adjust colors to your preference. For Lindsey, he changes the default magenta to a steel blue and adjusts the white to gray for visibility. In the width column, he adjusts the size to two by clicking on a particular width and hitting the number 2 key on your keypad. Once you hit okay, you will see the changes take effect, and that is it.

Jordan Lindsey is a passionate, competitive, and experienced Forex Trader who is initially from New York but moved to San Francisco after a trip he took. Through his life, he has in Argentina, Mexico, and Bosnia-Herzegovina where he met his wife while volunteering in a small village.

He studied at Mount Angel Seminary in addition to St. Joseph’s College and later taught himself computer programming and system architecture design. With the computer skill she picked up, he was able to code an algorithm for the platform MetaTrader 4 (MQL4) that he shared settings for today. He also created his own cryptocurrency in 2017 where he was successful in launching a crowdsale of it in the second half of the year. Considered the first third=party altcoin verified on the market where he is currently working with a development team on a framework for a site he plans to launch.

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Marc Sparks, Finding Ways To Inspire Other Entrepreneurs

According to Marc Sparks, Dallas entrepreneur and venture capitalist, “They Can’t Eat You.” It is a thought provoking title. Because at first glance, it makes you want to know what the heck is this man talking about? Well, Spark isn’t just any man, he details how he didn’t allow his failures prevent him from business success. Among Sparks many active entrepreneurial ventures are, Uncle Marc Food Delivery, Blue Jay Wireless, Cobalt Real Estate Services and Bonn Oir and Cardinal Telecom LLC.

In the book, Sparks delves into personal history a little to explain how a “C” average high school student turned into a successful entrepreneur. Marc Sparks lets readers know that in his early days, his ambition level was at zero and he was pretty much headed to the mailroom. He never went to college and that fact made no difference in his desire to create his own businesses.

At the end of the book, Marc Sparks provides entrepreneurs with what he calls, “50 Sparks.” These are innovative tips Sparks learned along the way that he uses to inspire others. Not only in his book, but in real life, Sparks often gives written advice to entrepreneurs who are seeking funding. He tells them what he looks for when it comes to deciding to provide a start-up with venture capital. Sparks said that all venture capitalists want to know how the start-up is going to use the money to improve. Marc Sparks’ book is available on Amazon in three formats. The book continues to receive high praise for being informative and helpful for anyone wishing to duplicate his path as a serial entrepreneur.

Marc Sparks indicates that there was something bigger inside of him that wasn’t cut out for the “mailroom path.” He details how he followed a non-standard path, by just constantly moving forward. One of his businesses is Timber Creek Capital, LP. Timber Creek is private equity firm which acts as a revenue generator for other businesses. The firm also does philanthropic work. Marc Sparks and Timber Creek created a non-profit company, Sparkey’s Kids. The non-profit partners with Habitat for Humanity and a Dallas Academy to provide laptops for underprivileged, at-risk kids.

Sparks uses his combined 37 years of industry experience to provide capital and other necessities such as office space and equipment, web design and graphics, anything and everything that’s required for start-ups to grow and expand. Timber Creek Capital moved into a larger space in 2015, after spending 10 years in their original location. Marc Sparks wanted to provide for more office space for the start-ups his company helps. The new space is now an incubator for businesses in the new and developmental stages. Learn more: http://www.lulu.com/spotlight/marcsparks