SInvesting and Finance are two sectors of the banking industry that is often spotlighted in the news. One company, that plays a huge roll in both areas, is particularly fond of the spotlight. This company is Fortress Investment Group. Fortress Investment Group has been in the spotlight numerous times in the past year. This has been largely due to their acquirement by SoftBank. SoftBank is a corporation that is ran by one of the most prominent Japanese billionaires, Masayoshi Son. The acquisition took place in February of 2017. The company was purchased for a total amount that exceed three billion dollars. Fortress and SoftBank, although technically the same company, operate independently from one another. This was a requirement that was instilled before the acquisition could take place.
The latest trip in the spotlight is due to the recent launching of a new fund. This fund is being raised so that the corporation can participate in a lawsuit again other companies on the grounds of patent infringement. The funds being raised for this lawsuit is expected to reach four hundred million dollars. The fund will also allow the corporation to purchase other companies and also to provide funds for lending purposes.Fortress Investment Group is one of the largest companies in the world that provide asset management. The skilled professionals that work for this corporation manage over forty billion dollars and assist almost two thousand clients. The firm has several offices in various locations across the globe, including in Amsterdam and London. There are also several offices located throughout the United States.
Headquarters for Fortress Investment Group is located in New York City.The company has been a leader in hedge fund management since it formed in the late 1990s. The employee turn over rate is fairly low and promotions from within the corporation are encouraged. In fact, two individuals were recently promoted after the aquisition by SoftBank. Josh Pack and Drew McKnight are now managing partners in the credit division of the company. They work directly for Peter L. Briger Jr. the head of the credit division and Co-Chairman of the Board of Directors.There is little doubt the great things are in store for the investment group and their clients. The corporation is one of the largest in the industry. It has a great reputation and is highly sought by businesses and individuals alike.