First page of the News archive

The Foundation of Fortress Investment Group

Posted by Benjamin on April 2, 2018 with No Comments

The Fortress Investment Group LLC was founded by Wesley Edens, Rob Kauffman, and Randal Nardone. The company got engaged in hedge fund, debt securities and real estate investments, which were managed by Pete Briger and Michael Novogratz.

 

The company multiplied and had a net equity fund of 39.7% from 1999 to 2006. On February 9, 2007, Fortress was registered with the New York Stock Exchange along with the Lehman Brothers, and Goldman Sachs was guaranteeing the initial public offering of the company, thereby making it the most prominent firm for private equity within the U.S. to be publicly traded.

 

Fortress Investment Group is a global investment management company that focuses on highly diversified assets that it manages. As of December 31, 2017, it was handling around $43.6 billion assets. It oversees the assets of more than one thousand seven hundred fifty clients from the private and institutional sectors internationally, and what Fortress Investment Group knows.

 

The pillar of Fortress is its performance in investment, where the company goes all-out to produce long-term buffered risk regulated gains for each investor. And since the 31st of December 2017, the company has 216 investment experts and 953 employees who manage the assets in overseas offices and the central office located in New York.

 

On February 14, 2017, the SoftBank Group formally acceded to acquire Fortress Group for 3.3 billion dollars, and the acquisition was finished in December of that same year.

 

The SoftBank Group Corporation announced that the procurement of Fortress Investment Group LLC had been finalized. After the acquisition all outstanding shares of Fortress will be owned by the SoftBank Group Corporation and its subsidiaries. The completed transaction has fulfilled all pending concerns together with all essential regulatory approval receipts and the approval of the shareholders of the Fortress as of July 12, 2017, and contact him.

 

The procurement’s outcome led to the conversion of each Fortress Class A outstanding share with the right to collect in cash the amount of $8.08/share, and the proceeds to be disseminated according to the processes defined in the Definite Proxy of Fortress Investment Group LLC that was dated June 07, 2017 along with the Merger Agreement integrated within. Further, the Fortress common stock has stopped in its trading and will be removed from the registered list of the NYSEC. The financial outcomes of Fortress will be reflected and incorporated within SoftBank Group’s financial statements resulting from the closing date of the acquisition as of the 27th of December 2017 (Eastern Standard Time). SoftBank Group will publicize the effect of the financial statements’ consolidation as it deems fit.

 

Fortress Investment Group will continue its business independently under the supervision of SoftBank, and Randy Nordone, Wes Edens, and Pete Briger will remain to manage Fortress. SoftBank is consigned to retain the culture, processes, personnel, brand, business model, and leadership that have been Fortress’s foundation for success.

 

SoftBank Group is an international technology company that is involved in the information revolution, and it is composed of a worldwide assortment of companies that are engaged in AI, advanced telecommunications, internet services, IoT among others.

Jacob Gottlieb.

Posted by Benjamin on March 5, 2018 with 1 Comment
in News
Jacob Gottlieb was born in Brooklyn, New York City. Gottlieb’s parents immigrated to the U.S from Poland. Jacob’s dad is an economist who lectures at the City University of New York, and his mother is a practices medicine. Maybe, that’s why Jacob is attracted to medicine and finance. Jacob Gottlieb made his first transactions in baseball cards while in seventh grade where he won a stock-picking competition at school. His father opened up a trading account for him. Jacob and his buddy began selling refreshments to golfers at the area golf club.
Jacob Gottlieb graduated from Brown University with a BA in economics. He later joined New York University and graduated with a medical degree. Jacob proceeded to take an internship in internal medicine at St. Vincent’s Hospital in New York. He became more attracted to finance, and that pressured him to look for a job. He got his first job at Sanford C. Bernstein & Co. He was positioned as a buy-side specialist dealing with universal health care. Jacob compares fund managing and being a surgeon in that both careers involve risk-taking.
Jacob later started working as a healthcare collection manager at New York hedge finance firm called Merlin Biomed Group. While working at Merlin Biomed Group, Jacob was recommended to work as a healthcare trader at a newly started firm in Jericho managed by Dmitry Balyasny. The following year, Mr. Balyasny left the firm to begin his Balyasny Asset Management hedge firm in Chicago. He hired Jacob Gottlieb who succeeded in building up his group and character. Mr. Jacob and his team left and founded Visium. Jacob’s employed his investing strategy comprising of profound emphasis on research with vigor in reviewing for security assortment.
The healthcare investment experts of Visium rely on a home-based system of industry links, advisers, medics, and experts to collect information. Investors recommend Jacob’s creativity in decision making and derivatization that he employs in an investment.
Jacob joined with some other talented portfolio managers and changed Visium into a multistrategy fund manager. The merged managers wanted to do the right things, and therefore they started by investigating the weaknesses and strengths of the multistrategy model referencing the industry’s worst and best practice

End Citizens United Hovers Around Four California Republicans

Posted by Benjamin on January 23, 2018 with No Comments

End Citizens United has opened a new battlefield ahead of the 2018 Congress elections by announcing the 20 representatives it will target and aggressively campaign against them. The political action committee which is fighting against big money in campaigns confirmed that the representatives, who are mainly from the Republican Party, are found to be the […]

Malcolm Caselle is Changing the World of Online Gaming

Posted by Benjamin on January 22, 2018 with No Comments

Malcolm Caselle is currently the CIO of OPSkins. OPSkins is a centralized seller of in-game assets such as skins. Virtual skins make in-game weapons and accessories look unique and some are extremely rare and valuable. The virtual asset market is a $50 billion industry, but using OPSkins has reached certain technological limitations and unfortunately experiences […]

George Soros Fights Back Against Rumors

Posted by Benjamin on June 15, 2017 with No Comments

Old Canards New Target The attacks against George Soros aren’t anything new, but they are certainly changing people who aren’t familiar with them into bigots. The Right has long held that Soros is some sort of Machiavellian genius using his abilities to manipulate nations and control the world. Obviously, it is clear how they are […]

Nine9 TheUnAgency Creator is Interviewed on Ideamensch

Posted by Benjamin on May 4, 2017 with No Comments

Ideamensch asked Anthony Toma, the founder of Nine9 what is one software program or online tool that he uses to help him be more productive in his business. They also followed up the question by asking how he uses that software or web tool. Mr. Toma responded by saying that he uses Facebook extensively as […]

Why George Soros Supports the Left

Posted by Benjamin on April 14, 2017 with No Comments
in News

The Champion of the Left George Soros has made himself the most consistent defender of the Left in America today. No one has donated as much to the Left or made liberal causes as important to their everyday life. With a fortune exceeding 25 billion, nobody is quite prepared to handle the fight for the […]

No Contaminated Water Reached Guests, Says Director

Posted by Benjamin on February 10, 2017 with 1 Comment
in News

Amid reports of water contamination with E. coli and coliform bacteria, Squaw Valley Alpine Meadows’ Public Relations Director, Liesl Kinney, has issued a statement regarding the water quality and the impact on the resort. No guests of the resort were at any time exposed to any hazard from the contaminated water, the Director says. It […]