Countless people would want to put their monetary resources in the right investment dockets in order to earn tremendous financial returns like stock dividends and additional growth to their investments. Nonetheless, a conventional person does not grasp the intricacies of delving into various investment dockets. Therefore, they turn to an individual who can provide professional assistance in making the right investment decisions.
An astute investment manager will be aware of the financial forecasts, strategies, current investment trends, trading ideas and the philosophy of money management. Coupled with providing the investor with the opportunity to solely decide the type of investment they need, an expert in investment management will give you the peace of mind necessary to make the right decision. Such are the traits of one Wes Edens, a co-founder of the prominent Fortress Investment Group.
Wes Edens is one of America’s best investment managers, an entrepreneur, business professional and the owner of a renowned sports team. Popularly known for co-founding Fortress Investment Group, Mr Edens is also the co-owner of a national basketball association called the Milwaukee Bucks. Moreover, he is the owner of the League of Legends of FlyQuest.
As for education, Mr Edens attended the Oregon State University and earned a degree in finance and business administration.
Early Life and Career
Wes Edens first practised at the famous Lehman Brothers. Being a financial services firm, Edens was working within his line of expertise. That is why he managed to serve as a partner and a managing director up until 1993 when he quit joining BlackRock Asset as a managing director. Having worked until 1997, Wes Edens left to explore other career ventures.
Fortress Investment Group
In 1998, Wes Edens decided to work with four like-minded individuals in a project that would later shape their career. He met Peter Briger, Robert Kauffman, Michael Edward and Randy Nardone. As a team, they decided to form a company that would specialize in providing financial services to its clients. At that moment, Fortress Investment Group was born. Edens maintained a leadership position in which he served diligently. He has since earned recognition from the likes of the Wall Street Journal which described him as a creative investment manager whose investment style is based on a knack for building revolutionary businesses.
The First Public Buyout
As a business leader, Wes Edens ensured that Fortress Investment Group was among the principal investment management firms in America. Even so, in 2007, the partners agreed to a buyout. Therefore, as one of the co-principals, Wes Edens was trusted to lead the company through a public buyout. Consequently, Fortress Investment Group sold out 8% of its shares at $600 million. That moment marked the beginning of Fortress Investment Group’s buyout journey.
Softbank Acquires Fortress Investment Group
Under the leadership of Wes Edens, Fortress Investment Group attracted many investors including Softbank Group Corp which recently announced the completion of the acquisition deal. Apparently, the company is acquiring Fortress Investment Group because of its ability to help manage Softbank’s transformation strategy. Even with the acquisition, Wes Edens maintains his position as a co-principal. This is solely based on his skill- set and financial expertise.