Randal Nardone is the co-founder of the Fortress Investment Group. It is one of the largest alternative asset management companies in the world. He is ranked 557 on the Forbes billionaire list. He owns 53 million shares that are worth $1.6 billion.
Randal Nardone co-founded the Fortress Investment Group in 1998. He was appointed to the board of directors of the company in November 2006. He became the Chief Executive Officer of Fortress Investment Group in August 2013. The company manages alternative assets in private equity and also manages credit funds and liquid hedge funds for companies. He has contributed to the success of the company by using his legal and financial capabilities effectively.
Randal Nardone attained his Bachelor of Arts degree in Biology and English at the University of Connecticut. He later attended Boston University School of Law and became a Doctor of Jurisprudence. He first worked as a partner in the law firm called Thacher Proffitt and Wood. He later worked with BlackRock Financial. He then became the Managing Director of the Union Bank of Switzerland. The investor then founded the Fortress Investment Group along with Wes Edens.
Randal Nardone has combined his expertise in law and finance and provided excellent services to companies across the world. He has provided services to companies in the Middle East and Asia. A report in June 30th 2016 has shown that the company manages alternative assets worth 70 billion dollars. Under his guidance the company has been praised and recognized by the Institutional Investor as the Discretionary Macro-Focused Hedge Fund of the Year 2012 and the Credit Focused Fund of the Year for the years 2010 and 2011.
Randal Nardone continues to strive to make Fortress Investment Group one of the most successful hedge funds by implementing and monitoring intelligent business strategies.