Fortress Investment Group stands out as the only investment management company that withstood the adverse economic wave that had hit the industry in 2008. During this period, a lot of companies collapsed while others gave very low or no investment returns to their clients. However, things were quite different for Fortress. At that time, the hedge fund for the company, under the able management of Peter Briger, who is also the CEO, returned a whopping yield of 43% for the investors. This was the highest in the market, both locally and internationally. This made Peter Briger to be declared the best hedge fund manager in that year. Fortress Investment Group also received the award for having the best hedge fund in that same year.
However, this achievement was not obtained just miraculously. It was through determination of the staff and effective strategic planning by the management that ensured that all the necessary tools of performance were at the right place at the right time. The three principals of the company; Peter Briger, Wes Edens and Randal Nardone have demonstrated great teamwork that has risen the company to that great heights that it enjoys today. As we speak, Fortress Investment Group is enjoying a huge clientele base of over 2000 investors who are institutions and individual clients from all over the world. The increasing number of the company’s customer has made the management to expand the offices to enhance customer reach and satisfaction.
They have opened supplementary head offices in Shanghai and Singapore, where an incredible number of clients have invested in the company. A new headquarter has also been established in San Francisco, from where Peter Briger operates. Due to the increased number of clients, Fortress Investment Group has also increased the number of its employees to optimize their customer service. Despite the company being started in the form of a private equity firm, Fortress Investment Group has engaged in portfolio diversification, with the introduction of other asset strategies under its management. This has led to the tremendous increase in the firm’s underlying assets and consequently the value of the firm. Currently, Fortress manages assets worth more than $63 billion for its esteemed clients.