Randal Nardone is a co-founder and principal at the Fortress Investment Group, one of the biggest asset management firms in the world. He is ranked number 3557 in the Forbes billionaire’s list. Nardone holds a Bachelor of Arts degree from the University of Connecticut. He then proceeded to Boston University where he gained his Juris Doctor.
Randal Nardone and others formed Fortress Investment Group in 1998. He deals with the management of credit funds and private equity tools in the bank.
The SoftBank Group bought fortress Investment Group due to great leadership that this organization has under the leadership of Mr. Nardone. Softbank purchased it for $3.3 billion after they were convinced by the business model that was being implemented in the organization.
Some of the causes which Fortress Group is investing in include mortgage services, digital marketing, and golf courses among others. Softbank bought this company because they felt that they could turn it into a better organization.
Randal Nardone is the CEO of the Fortress Investment Group which is now managing property worth over $70 billion. The assets are shared among private equity, credit funds, and liquid hedge funds.
Randal guided Fortress Investment Group to the Hedge Fund Manager of the Year Award given by Institutional Investor. The company was also a recipient of the “Management Firm of the Year.” They have received other awards in recognition of the great work that they are doing in the business sector.
Randal Nardone has managed to achieve success at an early age of 51 years. He is known for his dedication to the activities of the company. He is protecting the company’s interest with a passion so that it can continue recording great results.
The company may have been taken over by the SoftBank Group, but his contributions as the CEO of the company remains intact and impressive.
Randal Nardone serves in the boards of other organizations such as Newcastle Investment Holdings, Impac Commercial Holdings, and Eurocastle Investment among many others.
Before he joined Fortress Investment Group, Nardone was the Managing Director of UBS. He also held the position of principal at BlackRock Financial Management. When he was a lawyer, he worked with Thacher Proffitt & Wood.