Since the formation of Fortress Investment Group by Randal Nardone and the other co-founders, the company has been in the lead of the investment management industry. The three CEOs of the company have made all the contributions that they could afford for the company to ensure that its performance remains outstanding. Randal Nardone has been able to help Fortress Investment Group to win several financial related awards such as the management firm of the year award, Hedge Firm of the Year, and the Hedge Fund Manager of the year among other important awards. By winning these annual awards, the company demonstrates that it can dwarf other entities operating in the same industry by coming up with some of the best industrial policies.
One strategy that Randal Nardone has used to help the organization to maintain its competitive advantage is by ensuring that it invests in alternative assets. These are assets that other organizations don’t choose as they do not offer immediate returns. The company has invested in large number of alternative assets in various parts of the country such as idle rail lines and collapsed manufacturing plants. The benefit of acquiring alternative assets is that they are available at discounted rates and companies can later sell them at high profits.
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 the 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, some people who were not attracted to the new move as they had never seen an asset manager operating in stock market.
A significant number of people did not understand why the organization accepted the bid to sell the company to SoftBank, given that the entity was not experiencing any financial distress and did not need financial support. However, various benefits could have triggered the acceptance of the bid by Randal Nardone and other executive members of the board of the Fortress Investment Group.