Wes Edens Makes News With Fortress Investment Group And Elsewhere With Business Moves

Fortress Investment Group has been recognized as both an industry leader and trendsetter in the investment management industry seemingly since its launch in 1998. This was never more evident than in 2007 when the firm became the first private equity firm that is traded on a large scale to be provided with a listing on the New York Stock Exchange.

Fortress operates globally as an investment management firm and is in control of more than $50 billion worth of assets for more than 1700 clients and maintains investments in private equity, hedge funds, and long-term capital vehicles. The company is headquartered in New York City and employs more than 900 people.

Wes Edens is one of the company’s three principals along with Randal Nardone and Pete Briger.

Fortress Investment Group made headlines again in 2017 when it executed a sale to the Japanese based SoftBank Corporation for $3.3 billion. The company continues to enjoy the ability to operate as an independent company from its New York headquarters and Edens, and the other principals are still in place.

The company is expected to maintain its current position as a leader in the alternative investment fields and in a recent in-house memo to employees the company pointed out that at its inception just 20 years ago there were 28 employees and $400 million in assets to be managed. The memo went on to explain that the acquisition of the company by SoftBank is not a cash out for the company but in effect a ‘cash-in’ that has the company poised for further growth.

Fortress Principal Wes Edens, who is also the part owner of the Milwaukee Bucks of the National Basketball Association, also made news recently when he took part in the purchase of Champion’s League soccer team Aston Villa. The purchase of the soccer club by Wes Edens was made along with Nassef Sawiris, an Egyptian billionaire, and the two men now jointly own a controlling stake in the club. This came as a relief to the Aston Villa club that can now concentrate on soccer now that their financial woes have been solved, Wes Edens. Billionaire Nassef Sawiris And Wes Edens To Buy Significant Stake In Aston Villa