Randal Nardone was one of three people to found Fortress Investment Group in 1998. The Princeton University and Boston University graduate practiced as a lawyer for various practices in the years leading up to 1998. Nardone, Wesley Edens, and Rob Kauffman all had careers invested in finance, investing, and general financial services; Mr. Edens had worked for Lehman Brothers for six years in the 10-year span he spent working for organizations he didn’t own prior to the foundation of Fortress Investment Group; Rob Kauffman was a successful sports car driver and amassed countless millions in his racing career, though he was always more interested in business than competing on the racetrack; and Randal “Randy” Nardone worked for the small law firm Thacher Proffitt & Wood after graduating from the College of Law at Boston University, then found positions at BlackRock and later UBS.
All about Fortress Investment Group
Fortress is one of the hottest alternative portfolio management firms in the United States. The 20-year-old Fortress Investment Group has amassed an amazing $40 billion in assets under management. Further, it currently employs more than 900 individuals – more than 200 of them are licensed, trained, experienced investment management professionals.
The investment management group has offices throughout the Americas, Europe, and Asia. Most of its employees are situated in Fortress Investment Group’s New York City office. Next up – in terms of the number of people employed, that is – is Fortress Investment Group’s San Francisco office, where principal and one-half of the shared role of chief executive officer Peter Briger oversees operations.
About Randal Nardone and company
Wes Edens is the only other original founder to still be with Fortress Investment Group. Rob Kauffman, the aforementioned popular racecar driver, resigned in 2012; no more than a few weeks after Mr. Kauffman left his role with Fortress Investment Group, Peter Briger was hired from within.
Randal Nardone only works for Fortress Investment Group, though he has worked for some of Fortress’ subsidiaries over the years. Most recently, Randal Nardone worked for Springleaf Finance Corporation and Eurocastle Investment Limited.