Category: Financial Business

Fortress Investment Group Proves its Worth Again

Fortress Investment Group was started in 1998 as a pure private equity fund. Times have changed though, and so has the organization. It is now a formidable asset management and financial solutions advisory firm with a strong capital and asset base. Fortress Investment Group estimates its assets under management to total $43.6 billion. It is also reported to employ over 953 workers. However, to investment pundits, that is just a tip of the iceberg. Fortress has galvanized its business to the extent that it has offices across the globe. One of the outstanding specialties of the organization is its focus on risk management and value addition to assets that are wrongfully thought to be of little economic importance. Fortress manifests an impressive portfolio that includes managing assets for over 1750 public companies. It also includes private clients in the provision of its services.

 Fortress Competencies

While its competencies are largely financial and asset related dealings, Fortress Investment Group has employed a group of competent staff who attend to clients in a customized manner. The team ensures that the solution they suggest is born out of the clients’ circumstances. Fortress deals in asset investment, diversification of investments, alternative asset investment, and management including the buying of foreclosures and refurbishing assets sold in auctions. Fortress rents out or sells the assets depending on the best options on the cards. It also offers pricing advice, ownership guidance and provides financing to businesses. For instance, Fortress nearly stopped the 2010 Winter Olympics from proceeding because the organizers were planning to use the premise that was under its control as a result of having intervened when the original owners were up for foreclosure from the lenders. They were finally paid the sums that they demanded from the Olympics organizers in Canada before the games proceeded. The saga related to the Whistler Blackcomb Resort owned by Intrawest but under the management of Fortress Investment Group at the time.

Softbank Acquired Fortress Investment Group but It Allowed It to Operate Independently.In a deal that is seen as an evolution from the traditional acquisitions, the Japanese giant Softbank bought Fortress for a sum of $3.3 billion. While the new owner is legally the mother company, they allowed Fortress to continue with their operations uninterrupted. In a deal that avoided closures and retrenchments, Fortress continues with its staff undisturbed. The only difference is that the annual financial report from all Fortress outlets will be incorporated with those of SoftBank. The company also bought all of Fortress’ shares, a move which led to the pulling out of Fortress shares from the New York Stock Exchange. According to the SoftBank management, the purchase of Fortress Investment Group will add to its investment portfolio; given the skill that has resulted in the highly successful growth and expansion of Fortress. Fortress will retain its leadership in New York. The officials at both organizations confirm that the deal is done, following SoftBank’s fulfillment of all the statutory and regulatory requirements for the acquisition. The details of the acquisition have been disclosed. Class A shares of Fortress will be converted to $8.08 earnings per share. The proceeds of the merger will also be distributed as guided by Fortress Definitive Proxy of June 7th, 2017.

Randal Nardone’s Valuable Role at Fortress Investment Group

Fortress Investment Group’s Dan Mudd will be on leave, so for the meantime Randal Nardone will be the Fortress Investment Group’s Interim Chief Executive Officer.Randal Nardone joined the list of Forbes Magazine’s World’s Billionaires in 2007. He was said to be worth $1.8 billion at that time. Randal became a part of the company in 1998, he is one of the principal and co-founder of Fortress. He was likewise appointed as a board member of the said company since the month of November in 2006.Before he joined Fortress Investment Group, Nardone was UBS’s Managing Director, and prior to that he served with BlackRock Financial Management and Thacher Proffitt and Wood Law Firm as principal and executive committee member respectively.Aside from the position he holds in Fortress, Nardone is also the Director of the following companies namely: Springleaf Finance, Inc., Springleaf Finance Corporation, GAGFAH S.A., Eurocastle Investment Limited, Brookdale Senior Living, Inc., and Alea Group Holdings Limited (Bermuda).He studied Business Administration, English and Biology at the University of Connecticut and took his Doctor of Jurisprudence Degree from the Law School of Boston University.

In a move that surprise investors, Japan’s SoftBank purchased Fortress Investment Group for $3.3 billion. For the past 30 years, SoftBank became Japan’s leading technology company. Its telecommunications domain extends from Japan to the United States’ Sprint. Softbank’s investment portfolio includes financial shares in Alibaba (a company based in China), Yahoo’s Japanese associate, and other developing companies such as SoFi, an online lender. SoftBank Group is managed and headed by Mayoshi Son.Son is an American-indoctrinated entrepreneur who started doing business by distributing software, and then moved on to cellphone service becoming the sole Japanese provider of the cited service to support the iPhone. The SoftBank Group Corporation will pay $3.3 billion for the procurement of Fortress, and as per the acquisition agreement SoftBank is given the leeway to integrate partners to augment the asking price for the transaction and likewise be investors of Fortress. This move will expand the assets being managed by Fortress.

Fortress Investment Group’s acquisition deal with SoftBank Group Corporation will allow the principals of the former company, Peter Briger, Wesley Edens, and Randal Nardone to concentrate on their specialization and forte as fund managers without the encumbrance of having to manage a publicly traded company. Under the acquisition terms, Fortress will be an independent company under the sing of SoftBank, and the principals of Fortress will have jurisdiction over one-third of the company’s voting stakes.As for Randal Nardone, even if the company he helped build has already been purchased by SoftBank, he and his co-principals will continue to serve their clients as best as they could aside from being confident in the fact that they have larger resources at their disposal to enhance the business further.Being the Chief Executive Officer and Principal of the Fortress Investment Group, Randal A. Nardone had a total compensation of $8,786,063, which is appropriated as follows: the total salary received was $200,000; bonus received was $7,758,168, stock options received $0, awarded stock was $726,634, and other kinds of compensation received were $101,261. The figures were as reported in the Fortress Investment Group’s proxy statements that were filed for the fiscal year of 2015.

How Jason Hope is Helping Uncover Anti Aging Techniques

Jason Hope is an entrepreneur, philanthropist and technological enthusiast. Hope studied at Arizona State University where he has gotten a bachelor’s degree in Finance. He later on pursued more studies to attain an MBA in the field of Business.Through Jason’s upbringing in Tempe, Arizona where he was also born, Jason has over the years gained a lot of recognition for his interest and investment in technology. He is a strong believer in the Internet of Things that propagates smart devices connected to the internet being a major part of our development as a society. They will influence how we interact with one another as well as carrying out business.Jason is also a major believer in investing in business ideas. Through multiple business proposals from young techpreneurs, Jason Hope has been able to fund them so they can be able to gain some stability and energy to kick off.This is especially in cases where it proves challenging to start a new business. The amount of money that is invested may vary on a case to case basis as some ideas just need a little financial boost which goes a long way in supporting the business.

Jason Hope and SENS Research Foundation

Jason Hope’s philanthropic tendencies and futuristic mentality has seen to his donation towards SENS Research Foundation of $500,000 in the recent past. SENS Research Foundation is based in Mountain View, California. Its main goal is to seek ways of dealing with anti-aging remedies. For a long time, anti-aging techniques have been very costly especially when affected by diseases such as Alzheimer’s and Parkinson’s which accelerate the degeneration of body cells and therefore aging of the body.Jason strongly believes in finding solutions that can assist in dealing with future related problems and therefore his drive to fund and promote the research of SENS Research Foundation.

Through his generous donation, SENS Research Foundation was able to establish the Cambridge SENS Laboratory.Through anti-aging research, a lot of significant progress has been made recently mainly because in the past, most of the anti-aging based experiments were carried out on short life span animals. The results and observations therefore led to very disappointing result on long life span humans. This was as a result of opposed stem cell experimentation as a result of religious bias.As more research has been conducted, it has been revealed that the complex differences in aging processes between humans and animals are mainly caused by the glucosepane cell in humans. This has therefore focused research in anti-aging techniques and treatment.Learn More.

Benefits of Agora Financial in the Ever-changing Commercial World

After working very hard to earn money, we all wish for an opportunity to invest it to make more money. However, this is not always the case. Many people do not know where to begin when it comes to investing. While some may attribute this to inability to take risks, the issue is mostly blamed on lack of adequate information. In other instances, people have lost money after taking advice from unscrupulous brokers and financial advisers.It is at this point that companies like Agora Financial come in. Agora Financial is a topnotch analysis company for all issues pertaining wealth accumulation, wealth protection as well as giving definite predictions on market trends. Through online publications, the assorted collection of free online newsletters, seminars, and documentaries, Agora Financial has continued to mentor over a million readers on the path to building wealth and managing existing wealth.

In doing so, the person who is interested in wealth accumulation is protected from the traditional wealth brokers such as insurance companies, bankers, as well as the taxman. The company provides the person with definite answers on when to invest, how to invest and avoid losing wealth. It is also worth noting that Agora Financial researchers are 100% independent and unbiased. The company spends over $1 million in travel for research all over the world. It is an investment that enables the company get the real situation of various investments even before they hit the mainstream markets.Agora Financial has over twenty publications, which are unique from one another. These papers have different scopes and navigate different financial subject to give different readers a variety of financial assistance.

These publications sharpen the readers with secrets of generating wealth; pinpointing companies poised for rapid growth as well as appropriate wealth protection approaches. This is made possible by the team that consists of Harvard trained geologist, a self-made billionaire, and philanthropist, world-leading bond experts, bestselling authors as well as ex-banker to a president. This team not only gives well-informed information on the financial markets but also keep the readers on the trends in the financial markets.Agora Financial in the recent past has predicted some of the financial realities that happened. For example, in 1999, it predicted that the gold value would increase a situation that came to pass. In 2004, the company predicted the mortgage crisis, which occurred in 2008, four years later. Other notable predictions such as the rise in oil price in 2008 and the rise of biotechnology in personalized medicine and regenerative medicine have given their audience the upper hand in making wise financial decisions regarding investing.

Highland Capital Management, Giving Back To Those Who Gave Everything

There’s little debate that war is one of the most horrific things imaginable and returning soldiers bring with them wounds and scars, not necessarily physical. PTSD is the scar that can’t be hidden or healed and often becomes a lifetime mental illness born from enduring all the unimaginable horrors of war so others don’t have to. To make matters worse, military benefits and compensation are often denied or restricted due to a convoluted government system. Veteran support groups can only do so much with severely limited money, space and other resources. Highland Capital Management aims to alleviate some of that burden. Read this article at Dallas News.

Early this year, Highland Capital has committed $10 million to the George W. Bush Presidential Center, followed by an additional $10 million commitment from Boeing Corp. to the George W. Bush Institute to implement a program called Engage, as well as a concentrated effort to support the Institute’s Military Service Initiative and bring aid to post-9/11 veterans. Highland co-founder Jim Dondero elaborates on the program’s initiative. “Events like the Engage series foster important dialogue regarding pressing policy issues. Highland Capital Management is proud to support this work and be part of the center’s long-term vision.” Learn more about Highland Capital at Affiliate Dork.

Engage’s first event, slated for Feb. 5 at 6:30 p.m., will consist of a conversation with the son of the late Supreme Court Justice Antonin Scalia, and author of Scalia Speaks: Reflections on Law, Faith, and Life Well Lived , Christopher Scalia, followed by a discussion between a panel of experts on today’s media landscape regarding contitutional rights and treatment if veterans as well as posing the question of what James Madison, author of the First Amendment, would have felt if he saw the world today. Among these participants are Jeffrey Rosen, an expert on Madison and president and CEO of the National Constitution Center , media researcher and co-author of the Pew Research Center’s annual “State of the News Media” report, Amy Mitchell, and Dallas Morning News Editor Mike Wilson.

Additionally, Boeing’s $10 million contribution is one part of a $30 million 3-year-investment specifically intended to veteran recovery, rehabilitation and transition services. In addition to this, Boeing awarded $50 million last year for 2018 programs targeting science, technology, engineering and math education and workforce development, veterans’ recovery and transition, and civic and environmental needs.

Other charities such as Npower and American Airlines Sky Ball have also enjoyed support from Beoing’s investments. Only through collaboration can this issue ever be truly resolved, working together to give something back to those who gave everything for them.

Visit: http://www.investopedia.com/articles/investing/031216/highland-capital-management-investment-manager-highlight.asp

How Richard Blair Helps People Save For Retirement

Richard Blair is a registered investment advisor who lives and works in Austin, Texas. He owns his own financial advisory firm, Wealth Solutions, Inc., where he offers his services to his clients who are looking to build wealth. In particular, he helps people meet their financial goals for retirement account through managing their portfolios. One of his core values is to also educate his clients so that they know as much as possible about saving, investing, and being able to live off their wealth in retirement.

At Wealth Solutions, Richard Blair offers his clients a personalized portfolio that meets their needs and risk tolerance. His client based is mainly made up of affluent families and individuals as well as small business owners. Many of his clients live in Austin but he has also attracted clients from the surrounding area such as Marble Falls, Georgetown, Houston, Bastrop, and New Braunfels. He has over 20 years experience advising clients.

As Richard Blair has said, retirement planning is something that people need to start early in their careers. The earlier you get started the longer your money has to grow. One of the best things about starting early is the power of compound interest, something that Albert Einstein is known for saying is the most powerful thing in the universe. Dollars put into a retirement account early in your career can have 40 years worth of growth turning even small amounts of money into much larger amounts as the money reinvests and grows.

One of the things the Richard Blair believes in is also conservative investment strategies. He helps each client determine how what risk tolerance level is so that they are comfortable with their retirement strategy and the ups and downs of the markets that regularly occur. He can also analyze income sources that his clients have and help them manage their assets. He can also help his clients determine what their future expenses will be so that they are financially able to handle them. Once someone is in retirement he helps them live on the income their investments provide as well as meeting their needs for estate planning.

Learn more: http://www.manta.com/c/mtr4ztj/wealth-solutions