It remains to be seen whether there will be another alternative manager in the industry that will prove to be shrewd in decision making and strategy implementation as compared to Fortress Investment Group. The entity has proven to be a model wealth manager that other entities in the industry should be emulating. The recent announcement that the firm has accepted a takeover bid from Japanese Soft Bank seems not to have been received so well by financial analysts and other pundits in the industry.
However, the Fortress Investment Group can maintain its independence and autonomy that has not been witnessed earlier in another entity that has accepted a takeover bid. The firm will continue operating in the United States and another country around the world under its renowned Fortress Group banner. Retaining autonomy is an essential factor as it will help the company to continue working without offering disruptions to its customers. It is vital for an organization to maintain its name so that it is not required to market itself again which would be a costly affair.
The second strategy that the Fortress Investment Group has been able to get after the takeover bid is the ability to retain the majority of its workers who have been instrumental in the progress of the company. This is an essential aspect because Randal Nardone, the founder, Peter Briger and Wes Edens the technocrat and experienced financial forecasting experts will remain to operate at the helm of the entity.
Many individuals have viewed the ability of Fortress Investment Group to retain its autonomy as a breakthrough, but it is the ability to maintain the three executive members that stand to be a lifetime achievement of Fortress Group. It was expected that the three would remain as they were holding about 30% of Fortress Investment Group’s stake and they also voted for acceptance of the takeover bid.
Over the past decade, Fortress Group has shown tremendous growth in the number of clients, rising to as high as 2,000 clients, both from the institutional sector and individual investors. Due to this reason, the organization also increased the number of employees, having employed more than 900 additional personnel by the end of 2017. This was meant to enable the firm to serve its clients more efficiently and smoothly. 250 of the newly employed staff were investment professionals from the various sectors of the economy.
Their LinkedIn Profile: https://www.linkedin.com/company/fortress-investment-group