Randal Nardone co-founded one of the leading alternative asset firm, Fortress Investment Group. He went on to attract other financial experts such as Peter Briger and Wes Edens to co-own the group while at the same time running it on a daily basis. Randal Nardone operates the company at its offices in New York City. He also doubles of as a member of the board of directors that run the company. The graduate of Boston University School of Law started his career as an attorney before moving to entrepreneurship, where he has excelled.
From the operational point of view, Randal Nardone has been at the forefront of running this organization for almost three decades without putting his foot wrong while at the same time enabling the organization to achieve a significant number of goals. One of the main achievements of this entity is that it was the first to be registered as an asset manager who was able to sell its shares to the NYSE. This meant that people with money to speculate can move on and start owning shares in company.
This move was highly opposed by a significant number of individuals, especially the trained professionals who had a perception that the organization was getting a bad deal. However, the entity went ahead and approved the strategy of operating in stock market. A large number of individuals appeared to buy the stocks of the company with the aim that they will get profits in the future. However, there was a number of people who were not attracted to the new move as they had never seen an asset manager operating in the stock market.
The move would stand as one of the most strategic decisions that the company has ever implemented. The company’s stocks were oversubscribed, which means that the company had to split some shares so that it could ensure that any person who applied for the stocks of the company was able to get some units of ownership. The funds that the organization received were used in helping the entity to establish itself as the market leader. Randal Nardone continues to implement some critical policies that have led to the expansion of the entity beyond measure.
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