Fortress Investment Group Was Bought By SoftBank – But Why?

Without investments, the value of people’s earnings would consistently drop over the years due to inflation. They’d also have to worry about where to reliably store their money – savings accounts would collectively be filled to the proverbial brim. Thankfully, we do have investments, another name for vehicles that store money and are used to generate more money for their owners.

Most people choose conservative investments that carry low risk and reasonable returns. These returns beat out inflation by a few points, though they’re highly unlikely to earn their owners any substantial amounts of money. However, a small portion of investors – both business- and personal-use investors – turn to alternative asset management companies to generate higher returns on their investments, though they often tote along larger risks than their safer, more boring counterparts.

Fortress Investment Group is an alternative asset management firm based in New York City that helps roughly 2,000 individuals and businesses earn extraordinarily high returns without having to invest in instruments that aren’t likely to yield anything of value – take junk bonds, for example. The company was created in 1998 by a trio of business partners: Wesley “Wes” Edens, Robert “Rob” Kauffman, and Randal “Randy” Nardone.

Fortress Investment Group currently has about $40 billion of assets under management that its 1,800-odd investors trust with the firm. Just last year – in July 2017 – Fortress Investment Group was bought out by an international business conglomerate that doesn’t often invest in opportunities outside of technology and the World Wide Web.

SoftBank Group Corporation bought out Fortress Investment Group for this simple reason

SoftBank of Japan gave $3.3 billion to the owners of Fortress in July 2017. SoftBank forked over roughly 40 percentage points’ worth of premium on its share prices at the time, effectively paying shareholders roughly $8 per share due to the transfer of ownership.

Here’s why SoftBank bought Fortress Investment Group – because it showed promise, for one, and the two companies agreed that Fortress would be run independently of SoftBank, a move that cut the number of employees who would have to work on nothing but the management of Fortress to zero.

Western Union Customers Can Now Send Money To PSI Pay

Western Union has been integrated into the PSI Pay system, and they have become partners in the major eco-wallet revolution that has happened in Europe. There are many people in Europe who are changing over to systems like PSI Pay because they want to be free of traditional banks, traditional bank fees, and all the restrictions that banks want to put on their customers. Read more about how much more helpful these accounts can be now that they work with Western Union.


  1. The Original Courier

Western Union was one of the original couriers, and they have been a standard for sending money for ages. Their money order is still among the most popular financial products in the world, and they have an electronic system that now works with eco-wallet companies such as PSI Pay. The purpose of working with PSI Pay is to keep the customers who want to send money more easily.


  1. Direct Deposits

Direct deposits are made from the Western Union computer system to a company like PSI-Pay, and the company can immediately credit their customer’s account. This is a much faster way of sending money across borders, and the companies are hoping that they can be just as powerful as traditional banks in a few years. Their customers are changing over because it is easier to make payments, and they can keep large balances with no worry.


  1. How Does PSI Pay Work?

PSI-Pay works in an app where any customers can deposit or debit their own money. They can use a prepaid card, and they can check their balance on an app. This is a simpler way for someone to watch their money, and they only need the card and their phone to make payments. The cards are advanced, and the app is completely secure. This is a new way to bank that avoids all the troubles with big banks.


  1. Conclusion

The PSI Pay difference is in how easy it is to use. The company has built a system that allows people to make payments with their prepaid card or to use the eco-wallet app to manage their money.

DAMAC Owner Hussain Sajwani Supporter of IT Education among Younger Generations

Dubai has one of the most developed real estate landscapes, and many companies have contributed to its fast development. One of the companies that have contributed heavily to the real estate development of the United Arab Emirates is DAMAC Properties that was started by Hussain Sajwani in the year 2004. The company has grown rapidly in the past few years under the leadership of Hussain Sajwani, who has done his graduation from the Washington University in Economics and Industrial Engineering.

Hussain Sajwani has been able to achieve immense success in the field of real estate because of his keen understanding of what the clients are looking for. The modern people are looking for something that is non-conventional, innovative and aligns well with the modern lifestyle. All the real estate projects of DAMAC Properties are designed in collaboration with the designers and developers from abroad, including from the United States, France, and the United Kingdom. Hussain Sajwani has also roped in companies like Versace and Gucci to make the real estate projects elegant and appealing.

Hussain Sajwani as a DAMAC owner has also become one of the wealthiest Arabs in the world and is listed by Forbes to be the fourth richest Arab in the world. Hussain Sajwani is also associated with many charities and generously help through donations to empower local communities. There are many causes that Hussain Sajwani and his firm support through volunteer work as well as financially. Hussain Sajwani is also friends with the United States President Donald Trump, who is also a real estate tycoon in the United States. DAMAC Properties and Trump Inc have worked together in the past on a number of projects, and it is what helped DAMAC Owner Hussain Sajwani and Donald Trump to know each other. Currently, DAMAC Properties has collaborated with the real estate firm of Donald Trump to develop golf course cum residential complex in the heart of Dubai.

DAMAC owner Hussain Sajwani also believes in giving back to the society. He is the major sponsor of the One Million Arab Coders initiative of the UAE government. He aims to promote employment among the younger generation by making them fluent in software development which is a significant requirement in today’s world.


Organo Gold Takes Full Advantage of the Unique Health Benefits of Coffee

Drinking a delicious cup of coffee has become a regular routine for many needing a pick me up in the morning or around lunchtime. Yet, many of these people either overlook or are unaware of the unique health benefits of coffee. For instance, coffee can help make your hair look better and reduce breakage. Many well known shampoo products contain coffee. This ingredient is often anonymous however. View Organo Gold’s profile on

Hair benefits is just one of the positives. I bet you didn’t know that coffee can affect eye puffiness. By mixing cold coffee with eye cream eye puffiness can actually be reduced. When most people find out about these kinds of benefits from drinking coffee they are pleasantly surprised. This is probably because these benefits aren’t exactly plastered on billboards. As more and more people become aware of the unique things coffee can provide coffee habits may change. Many may begin to put more thought into the brand of coffee they consume.

Organo Gold is an exquisite coffee brand that also distributes tea, energy drinks, and skincare products. The company is very innovative and its intriguing products serve as proof of this.


Coffee is also chock-full of antioxidants. These antioxidants can be very beneficial in skin care as they possess the ability to reduce inflammation on the skin. Skin care is something many people are constantly concerned about. Coffee can help put their minds at ease on the subject by presenting a desirable means of supporting the skin. Coffee is a valuable ingredient in some face creams as well.

A major reason Organo Gold is so special is it contains a unique ingredient called Ganoderma Lucidum. The special ingredient is actually an herb that has been used for its health benefits for a number of years in countries like China and Japan among other places. Ganoderma Lucidum is also an ingredients in many of Organo Gold’s other beverages. Visit to know more about Organo Gold.

How NetPicks Helps People Trade Currencies Like A Pro

NetPicks is a company that is well-known among forex traders. It was founded in 1986 and was one of the pioneers of people being able to do forex trading from the comfort of their own home. They have a number of trading platforms they provide to forex traders and also offer educational materials that range from providing the basics to newcomers to trading strategies for seasoned veterans. Additionally, NetPicks offers a live signal service so traders know when to attend to one of their transactions.

So what is forex trading? It’s something known by a few names including FX trading, foreign exchange trading, and most popularly as currency trading. What forex traders do is match two currencies against one another, making a bet that one will rise against the other. If they are right they profit based on how much money they were using for the transaction, see ( People can do forex trading at all hours of the day because somewhere in the world there is always a market that is open.

NetPicks says that the majority of forex traders do spot trading which is, of course, making a trade right on the spot. Some forex traders engage in the futures and/or forward markets but most people find that spot trading is right for their needs. If someone is trading in the futures or forward market they are likely a business owner who is trying to hedge some of their risks, read more on

Another thing that is possible with forex trading is being leveraged. This means you use a margin account in addition to whatever you are investing in a trade. This allows traders to make bigger bets than the money they have on hand. Not all brokers offer margin accounts, NetPicks says, so a forex trader has to look around to find one that does. The danger of using a margin account is that win or lose you have to reimburse the broker for whatever amount you use. For this reason, most people don’t use margin accounts and if you do you have to be 100% sure you can pay back whatever amount of money it was you borrowed, more details

Victoria Doramus: Media Professional and Philanthropist

Victoria Doramus’s resume contains a number of impressive and varied jobs, including director of philanthropy, as well as digital and print media professional. Victoria has a substantial background in advertising, media, branding, and communication. Victoria Doramus graduated with a degree in journalism and mass communication from the University of Colorado- Boulder. Her experience includes working as a Personal assistant to Peter Berg, a film director, and producer, she was also a writer and research assistant for several media outlets, including the Huffington Post. Victoria was also the director of Trendera for the west coast.

Along with leading a successful career in both digital and print media, Victoria Dramus is also heavily involved in philanthropic and volunteer work. This includes volunteering with the Amy Winehouse Foundation, which focuses on steering youth away from drug and alcohol abuse. Victoria’s role in the foundation included educating, counseling and supporting at-risk youth. Furthermore, Victoria helped the Foundations et up women- addiction recovery centers.

In addition to her work with the Amy Winehouse Foundation, Victoria Doramus also volunteers with other organizations, including the Women’s Prison Association, Room to Read, and Best Friends Animal Society.

These organizations support a number of important issues. Room to Read helps children in low-income areas access training and education in countries like Bangladesh, India, Cambodia, Indonesia, Laos, Myanmar, Sri Lanka, South Africa, Zambia, and others, and has supported over 12.4 million children in these communities. Best Friends Animal Society has helped to reduce the number of animals killed in shelters per year by 15 million, by finding these animals loving homes. The Women’s Prison Association assists incarcerated women reestablish their lives through education, training, and support.

Victoria Doramus has actively and effectively contributed to these charities and organizations to support their mission and work. This is in addition to having a strong career in media. Check out Victoria’s closet here.

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All About Randal Nardone

Randal Nardone co-founded Fortress Investment Group in 1998 and became the Chief Executive Officer in August 2013 and has been the Principal since 1998. In addition, he was elected to be a part of the Fortress board of directors in November 2006. Besides running the financial aspects of the business, he pretty much just works behind the scenes.

Before helping found Fortress Investment Group, Randal Nardone was working at UBS as the managing director. He held this position between May 1997 and May 1998. Before that, he was the Principal of Blackrock and, in his very early career, he was actually a member of the executive committee at the Thacher Proffitt & Wood law firm. He got his Juris Doctor degree from the Boston University School of Law and his Bachelor of Arts degree in English and Biology from the University of Connecticut. All of this experience has helped him do well in his current career and he is always trying to learn new things, so he can stay up with the evolving world.

Besides being a member of the board at the Fortress Investment Group, Randal Nardone is also a member of a few different boards. Since 2004, he has been the director on the board for the following companies: Aircastle Limited, New Media Investment Group, SeaCube Container Leasing Ltd., doBank S.p.A., Mapeley Limited, Brookdale Senior Living Inc., Springfield Holdings, and GAGFAH S.A.. In May of 2015, he became of board director of Fortress Transportation and Infrastructure Investors LLC. He is also Executive Management at the New Residential Investment Corp.

In terms of SoftBank’s purchase of Fortress Investment Group, Randal Nardone has said that he’s very excited. With the 2 teams joining together, he thinks they have what it takes to give the best service they can. In addition, he believes that SoftBank is the perfect company that could’ve bought them. This partly due to the fact that SoftBank is a top company that serves the entire globe and they have a really good track record. He is excited to see where they go from here and what they can come up with! A Force of Innovation: Two Decades of Fortress Investment Group

Peter Biger’s Impact on Fortress

The co-chairman and principal for the company Fortress, Peter Briger has built quite a career in today’s business world. Peter Briger has been with Fortress for more than fifteen years and currently is in charge of the Fortress Credit division. Under his leadership the company has had a tremendous amount of success. Briger himself has done quite well. Currently his a member of the Forbes 400, a list of top business professionals.

Peter Briger is a graduate of Princeton University where he earned a degree in in business administration. He later continued his education by earning a masters degree from the prestigious Wharton business school. He has spent the last decade and a half working himself up from a management committee member to to his current position as co-chairman. Briger is also committed to working for the company Tipping Point, a non-profit group that helps low-income workers in the San Francisco area.

Briger’s group Fortress has had an amazing run during the last fifteen years. Founded in 1998, the company quickly began to grow after its formation. In 2014 the group was recognized as the “Hedge Fund Manager of the Year” and “Management Firm of the Year.” The group has been recognized by major publications like the Institutional Investor and HFMWeek. As of the middle of 2016 the company had amassed more than seventy billion dollars in total assets.

Fortress has had the opportunity to work with a number of major companies over the last fifteen years or so. In 2006 they handled funds for Canadian ski resort operator Intrawest, North America’s largest ski resort operator. They have also worked with and managed funds for major groups like Abercrombie & Kent and RailAmerica Inc. Peter Briger has a lot to do with Fortress’s success. Outside of his work with Fortress he is dedicated to giving back to many philanthropic causes. He is a member of the Silicon Valley Leadership Council for the Global Fund for Children. He also works with he Council on Foreign Relations. This group is focused on educating the community on foreign policy issues.