Fortress Investment Group is a popular name in the finance world, and the company has been going place since it started in the year 1998. The founders of the company aimed at making it a dedicated equity firm, which it is till date, but it went on to become much more prominent with time and now provides products and services like real-estate investments, credit funds, hedge funds, mutual funds, and more. Fortress Investment Group is known for its research as well as flawless service, and it is primarily due to its efficient management team, which ensures that the clients are well taken care of. With over $50 billion in asset under management, Fortress Investment Group is amongst the top equity firms in the world, and certainly one of the largest in the United States.
Fortress Investment Group was recently acquired by the significant financial corporation named Softbank Group Corp. The company has soared to great heights of success due to the leadership of Peter Briger, who currently serves as the co-chairman of the company since the year of 2009. Not only does he serves as the co-chairman of the Fortress Investment Group’s board, but also holds many different critical positions in the company and its other subsidiaries. Peter Briger has completed his graduation in arts from the reputed Princeton University and Masters in Business Administration from the Pennsylvania University. With assets under management of more than $70 Billion, Fortress Investment Group is amongst the top tier investment managers in the country.
Fortress Investment Group has achieved considerable success in the last few years, and its clientele has been rapidly increasing due to the performance of the company in providing results to the clients. After the completion of his studies, Peter Briger joined Goldman Sachs, which is where he learned about the hedge funds further. Mastering the art of investment management and managing hedge funds helped him later in the career when he joined Fortress Investment Group. The acquisition of Fortress Investment Group by Softbank Group Corp helped Peter Briger reach the billionaire list of Forbes. Currently, Peter Briger sits on the 962nd rank of Forbes World’s Billionaire List. However, Peter Briger continues to work for Fortress Investment Group after the acquisition and helps find alternative assets and investment opportunities for the parent company Softbank Group Corp. Peter Briger says that the investment management industry is crucial for the growth of the corporate world and for the country’s economy to move ahead in the right direction.