Asked to name the leading international investment managers, Fortress Investment Group would appear on top of any honest person’s list. This investment firm was started as a private equity firm in 1998. Later on, Fortress grew into an alternative asset strategy firm after diversifying its investment strategies to manage hedge funds, credit funds, and permanent capital vehicles. The leadership at Fortress is also a success pillar for the organization, under its three competent principals; Randal Nardone, Wes Edens, and Peter Briger.The operations of Fortress Investment Group are currently categorized into three distinct segments namely; permanent capital vehicles, private equity, and credit sections. The first one to be launched was the private equity division. This was the one formed during the foundation or the company with the aim of generating cash flow from control-oriented investments in North America, Western Europe, and the Caribbean. The operations of this segment are grounded on the experience of Fortress’ personnel who have extensive experience in asset management from all the specific economic sectors.
The second division is the credit segment. This was launched later in 2002 after the arrival of Peter Briger at Fortress Investment Group, and he still leads the division to date. It consists of Fortress Japan Opportunity Funds, Fortress Credit Opportunities Funds, Fortress Real Estate Opportunities Funds, Drawbridge Special Opportunities Funds, Fortress Secured Lending Fund, Drawbridge Long Dated Value Funds, and the Drawbridge Real Assets Funds. The investments in this division have a global nature and are more concentrated on undervalued assets, illiquid credit investments and distressed assets. Alongside Briger is Dean Dakolias, who also leads the division after joining Fortress in 2001. The third division is permanent capital vehicle segment. It mainly focuses on management of permanent investment vehicles that are traded publicly. They include New Senior Investment Group, Fortress Transportation and Infrastructure Investors LLC, Eurocastle Investment Limited, the New Media Investment Group and New Residential Investment Corp. The main focus of these entities is on transportation infrastructure, local media assets, residential real estate, and senior housing in the United States.
Fortress is currently proud of having employed more than 1,100 members of staff who help the company run its operations globally. Out of the large number of personnel at Fortress, over 200 are investment professionals who have vast and specialized skills to manage investments from all the sectors of the economy. Fortress Investment group manages investments for over 1750 clients who are both individual and institutional investors from all over the world.
There are multiple angles, analysis, criticism, analogies and even political comments ingrained in Sean Penn’s new book “Bob Honey Who Just Do Stuff”. However, the best way to understand how the book entertains the people and relays its messages would be to recap the review that Rolling Stones and EW wrote about Sean Penn’s debut novel.
For starters, it may be said here that based on the Rolling Stones review and interview with Sean Penn, the debut novel can be seen as a way for him to explore his creative persona, now in the form of a novel. He already broke grounds with his acting career and even became a fantastic writer and director. In the hope to push more the reach of his creative gene, he had to try writing a novel.
The Rolling Stone piece also sort of conjectured that Bob Honey Who Just Do Stuff is a think piece. It is a comment on the national politics in the country today. It’s an allegory of what may happen in the future if the society won’t be careful. It’s also a general blueprint of what the society’s image in a global scale looks like today.
The Rolling Stone piece also revealed through the words of Penn himself in the interview that the book is a collection of snapshots that Penn was able to get while working across the world. Asked if there were any particular event that shaped his ideas or outline for his novel, Penn simply answer that everything was the source of his ideas. It’s also in the interview that people learned that Penn was a big fan of Harry Crews, and that Penn somehow had no idea if there’s an active link between the book he wrote with what people say are the novelists that shaped his work.
In the EW article, people got the idea that Penn’s Bob Honey Who Just Do Stuff is supposed to be a slimmer mystery audiobook, but later turned out to be an all-encompassing work to comment on the modern times United States is ingrained today. It’s also in the EW piece that Penn admitted how this book may not be for everyone, saying that some won’t get it while some will. Fortunately, this is his intention after all.
According to PSI, there are a couple of differences between Bitcoin and E-Money. Bitcoin was first launched in 2009, and it has grown in popularity since then. It has also been confused with e-money which is a popular electronic money system that is widely used around the world. Cryptocurrency and e-money are not one and the same, and they utilize different institutions as well as different business practices in order to run smoothly.
E-money is basically an electronic storage of money that is backed by a regulated currency. A central bank normally handles the currency and requires its users to use an electronic money account using a service such as ecoPayz. E-money is mostly used to do transactions using an app, but funds can also be exchanged using a prepaid card that is linked directly to the account.
Bitcoin is considered to be a cryptocurrency that uses peer-to-peer exchanges. It has no overseeing authority and transactions are authenticated by a network of computers. The value of Bitcoin goes up and down depending on the trust of the cryptocurrency which is decided by the public. It is also an alternative to fiat currency and is not printed like fiat money. It is mined by a global network of volunteer computers and is estimated to be limited to 21 million. This ensures that it is not affected by inflation.
Cryptocurrency if not like fiat currency and is similar to a forex exchange. Coinbase is a popular one, and it works as a platform and a digital currency wallet that can actually store cryptocurrency.
e-money is regulated by the FCA and is in charge of issuing money to licensed and registered institutions. It is independent of the U.K. and charges fees to its members. ecoPayz isn’t regulated by the FCA, but PSI-Pay is authorized as an electronic money institution.
PSI-Pay enables many different businesses to manage their programs and is a Principal Issuing Member of Mastercard. PSI-Pay has been working since 2007 and has worked with Kerv Wearables. Members of PSI-Pay can deposit and withdraw funds in 44 currencies and in 173 countries from the network as well.
eWallets work much like your typical wallet, and there are many eWallet services which allow your bank account to create an online wallet. This also works with credit cards. They are normally a free service and gives customers the option to withdraw funds from ATMs.
Wesley Edens is among the co-founders of Fortress Investment Group in 1998. His fellow co-founders were as Randal Nardone, Peter Binger, Robert Kauffman, and Michael Edward. In 2007, the Wall Street Journal proclaimed his style of investment was that of creative financing, contrarian bets, and building companies from mere investments. Eden began his career at Lehman Brothers in the year 1987. He became partner and managing director up to the year 1993. Blackrock Asset Investors was the next step in the career of the man. He continued to serve as the managing director and partner at Blackrock. He worked there until 1997. Thereafter, they founded Fortress Investment Group. The co-founder went to the Oregon State University where he pursued a Bachelor of Science in Finance and Business Administration. It was in the year 1984.
Fortress Investment Group is a financial institution that deals with real estate and vehicle lending activities. The group started as a private equity firm and it has grown to be among the leading investment companies in New York. In 2007, its Initial Public Offering to increase by a large margin when it went public. As of recent times the firm has bagged over $40 billion with over 1,750 investors in hedge funds, permanent capital and private equity. With more than 900 workers, the firm is undoubtedly a large investment bank. Fortress main aim is to put in high risks with the hope that the pendulum goes and comes back with high returns.The main agenda lies in five different areas, asset-based financing, operation management, corporate mergers and acquisitions, capital markets, and sector-specific knowledge of financial markets. On asset-based funding, investments entail private equity and credit funds.
Such environments there are a variety of assets that create long-term cash flow for the firm. Financial items that bring the cash flow include real estate, capital for businesses, and issuance if vehicles. In regards to technical knowledge in finances, they have a skillset in that sector. Fortress recently merged with Asia’s Softbank. It is a perfect example of mergers and acquisition function.Also, they maintain good relations with both the employees and their corporate board members. It is an aim by the organization to harmonize everyone working for them in whichever capacity. Eden was behind another merger between Fortress Investment Group and Springleaf Financial services previously known as American General Finance, (AIG). Fortress became the majority shareholder thus they became partners and merged their businesses. In August 2010, Fortress acquired 80% of Springleaf for 125 million dollars. Fortress then went ahead to build out financial services within its private equity docket, which is at about 14.3 billion dollars in assets.
Michael J. Burwell is the Chief Financial Officer of Willis Towers Watson (WTW). Prior to taking on challenges with WTW, Burwell was with Pricewaterhouse Coopers, LLP (PwC) and during his tenure he spent 11 years in assurance practice as a business advisor and then was elected to a partnership and transferred to the Detroit transaction business. He was eventually assigned as the Chief Financial Officer (CFO) and Chief Operating Officer (COO) for PwC. He took on the role of Vice Chairman of Global and U.S. Transformation and helped to lead the expansion effort for the company.
Burwell likes to start his day early and get in a little exercise. His early morning preference is a stationary bicycle where he can think about what he has to get accomplished by day’s end and strategize how to achieve that goal. He likes to pay particular attention to other people’s ideas and find a way to bring them to life. His belief that technology helps to make good people more productive is a mindset that teaches how to do more with less. Burwell is always willing to share app’s (applications) that help him be more productive.
When offering business advice to others, Michael Burwell offers being a good listener and always work to build your network. He likes to always engage others and understand their side of the coin. He also advises others to always stay positive and be relentless.
Others will often try to undermine your effort and tell you something will not work. Not everyone will experience a win every time out, but a defeat should not be at the hands of a negative attitude. It is important when pursing anything to always keep a watchful eye on the marketplace. Disruption can happen at any time and an unexpected and unanticipated curveball could knock you out of the game very quickly. Refer to This Article for related information.
Michael Burwell is a graduate of Michigan State University where he earned a Bachelor of Arts (BA) Degree in Business Administration. He was also named Alumnus of the Year at Michigan State in 2010. He is a Certified Public Accountant (CPA) by education. He has a wide range of experience in the financial industry and has a tremendous understanding for management and driving results through leadership in a highly competitive industry. His strong focus on clients and customer service has served him well. His collaborative and team approach has brought a high level of efficiency , as well as effectiveness to the business at hand.
Rodrigo Terpins has earned race car driving ‘star status’ in his home country of Brazil after competing in several famous rally car races across his country. He and his brother have raced together in the famous Brazilian Sertoes Rally event. They currently compete on the same race team, the Tea Bull Sertoes Rally Racing Team.
The recent Sertoes Rally was officially the twenty second annual running of the famous event. The trail covered over two thousand kilometers, across several rally racing stages throughout Brazil. The rally featured competition between thirty eight different rally teams, of which Rodrigo Terpins finished third in class, and eighth overall in the event. The team competed in a T1 Prototype rally vehicle, a very competitive rally car choice. For more details you can visit LinkedIn.
Thousands of Brazilian racing fans showed up to support the race teams and to witness one of the most famous rally events in the entire country. The Sertoes Rally brought together a special racing community to enjoy the entire rally event. Rodrigo is not a stranger to this type of event, as he has competed in similar circumstances elsewhere in Brazil. Check out 12social.com to see more.
Rodrigo Terpins spoke to the media after the rally event and expressed his gratitude towards his partner about their positive racing result. He was excited about finishing third in his vehicle class and achieving a top ten result in the overall race standings. Rodrigo elaborated about how his vehicle would handle through the tough terrain and obstacles along the racing course, and expressed satisfaction in over performing his own expectations.
Rodrigo Terpins and his brother look to continue racing in famous rally events across Brazil. It will not be a surprise to find them competing and winning in the rally racing discipline somewhere in the near future.
The aeronautics industry mainly serves the defense and aerospace fields. Many companies and individuals that influence the industry have a profound impact on how the government allocates funding for their respective countries. In today’s article, we will recap a recent Ideasmensch.com interview with one such influencer in the aeronautics field, Louis R. Chenevert, former chairman and CEO of United Technologies Corporation (UTC). The article will give some basic background about Mr. Chenevert’s career paths but will mainly focus on his time at UTC. We will also recap some of Louis’ perspectives on the industries that he has served in the past.
Louis worked with United Technologies Corporation (UTC), a military and aerospace company based out of Farmington, Connecticut for eight years. He had also served as Director of Technology and President during his tenure at UTC. He has also worked for Pratt and Whitney and General Motors along with Goldman Sachs as a financial advisor. Prior to his work, Mr. Chenevert studied in Montreal, Canada, and obtained a Bachelor’s Degree in Production Management. We will now focus on the Ideasmensch.com article that relate to his time at UTC.
After being asked about where the idea for UTC came from Louis stated that the name primarily came from the company’s core product base which includes military engines, parts from commercial aircraft and helicopter technology. He seems to stress the importance in working with small teams and when asked about his product ideas, he mentions that operations and engineering play a key role in the development of these products upon his time at UTC. When asked about the latest trends, Louis replies that “…technology and the speed of change created truly profound opportunities…” for his company. He appears to be an individual that has a “go-getter” attitude and likes to push others in order to drive success. After being asked about what he would do differently in his career path, he answered that political agendas need to be observed and to not waste time on others who do not have the same focus as the company or product.
One of the most successful business leaders from Malaysia, Vijay Eswaran was born in Penang, Malaysia in 1960. Today, Vijay Eswaran is nearly worth $500 million that he has made in the past couple of decades through the success of his company, QI Group of Companies. Vijay Eswaran did graduation with a socio-economic degree from the London School of Economics and then went on to travel Europe extensively and also did a few odd jobs from time to time. Later on, Vijay Eswaran travelled to the United States, where he did Masters in Business Administration from the Southern Illinois University.
Vijay Eswaran believes that it is necessary for the people to adapt to the changes in life if they want to be successful. He also said that as a leader, it is essential to be committed to the employees and the workers and their growth as much as the growth of the organization. It is the leader of the company who imbibes in the organization the core values in the company, and without the set of core values that define the organization, it is impossible for the organization to last long. The core values are the fabric on which the organization functions and it is the job of the leader to ensure that the values of the company resonate with the organization and are upheld.
Vijay Eswaran is of the opinion that people should aim to become servant leaders who not only lead people but also inspire people to serve. A true leader is not someone who just tells people what they need to do. Instead, they show people how things are done. Those who have a clear vision of what needs to be achieved are the ones who are able to become great leaders. One of the biggest investments that leaders can make is by investing their time in their people. They inspire people to become the best version of themselves and to serve others who are unable to do it on their own.
Vijay Eswaran is also a noted author and a motivational speaker. Over the years, Vijay Eswaran has spoken on many important world events and has received many awards as well for his contribution in the field of business and inspiring the next generation. Vijay Eswaran is also a noted philanthropist and runs Vijayaratnam Foundation as well as Rhythm foundation, which are engaged in giving back to the society. Find out more about Vijay Eswaran: http://bookmarketingbuzzblog.blogspot.com/2018/02/author-interview-with-vijay-eswaran.html
Randal Nardone co-founded Fortress Investment Group (one of the world’s largest alternative asset managers) in 1998. His story is an inspiring one, he is someone who came from the bottom and rose to the top. Of course, with the help of some equally talented and intelligent colleagues. This company’s growth was exponential. Ronald Nardone is connected to multiple different board members and eight different organizations across 20 distinct Industries. Fortress Investment Group was sold for 3.3 billion USD, but despite this, Nardone reprised his role as one of the three principles at Fortress Investment Group. He is also the current CEO and has been in this position since 2013, he has other leadership positions; including multiple organizations. Randal Nardone is a pioneer, taking part in one of the best startup success stories in my research experience. The level of commitment that Nardone displays for his company is immeasurable.
Randal Nardone currently holds the 557th spot on the billionaire list. Nardone holds a Bachelor of Arts from the University of Connecticut, as well as having his J.D. at Boston University. He is a bright mind of our time; showing us no signs of quit within him. Before he decided to start this business he realized that the industry was going to bring him a lot of competition. No matter the odds, he decided to continue with his dream. He also had relative experience with finance as well as working with clients in the past, helping him even further. With all of this, he had an abundance of confidence in the end result he wanted to achieve. He helped create Fortress Investment Group to be a well-respected name in his field. Making FIG the first Asset Investing Group with multiple options to choose from instead of being without choices. Since then, the company he helped build from the ground up has developed a very respected reputation among its peers as well as its clients. Randal Nardone contribution to this cause cannot be ignored nor non-established.
Randal Nardone has proven himself to be a very intelligent individual with a lot of skill. He shows no fear in the world of finances and business, making him a worthy adversary in the war of money. Although already having had experience before starting this group, years have shown his incredible achievement of additional experience on top of what he already had. He is a visionary.
OSI Group operates 65 outlets in 17 countries and has 20,000 employees, making it among the world’s largest food provider. Its humble beginnings date back to 1909 when Otto Kolschowsky owned Otto & Sons, butcher shop, and small meat market. However, it is not until 1955 when the business became McDonald’s first hamburger supplier that the company started growing. In 1973, it began operating a factory specializing in meeting the McDonald’s needs. Sheldon Lavin joined the company in the 1970s, helping the brothers reach the global market alongside McDonald’s expansion. Otto & Sons changed to become OSI Group in 1995 and continued expanding to various countries in the 1980s and 1990s. The rapid growth in the early 1980s led to Sheldon Lavin becoming the CEO and Chairman. OSI’s Sheldon Lavin receives Global Visionary Award.
OSI Group entered the Asia-Pacific market through a joint venture in 1987 with K & K Foods, and later GenOsi in 1990. OSI Group ventured the fresh produce sector through acquisitions in China. In Australia, it acquired a company that welcomed it to the beef industry in the country. In 2014, it enlarged its beef distribution in Europe by entering a joint venture with Pickstock in the UK. OSI Group ventured into value-added meat products by going into business with Select Ready Foods in Canada. In Germany, it joined with EDEKA, a well-known supermarket chain. In2016, it acquired Tyson which increased OSI Group’s growth through the additional storage space. It also bought the controlling stake of Baho Food in the Netherlands. Still, in 2016, OSI Group acquired Flagship Europe in the UK and Germany’s Hynek Schlachthof GmbH.
Sheldon Lavin, being a banking executive and an investor, brought his experience and passion for succeeding to OSI Group, when he joined the business as a partner. He initially had a third in stake in the company but later obtained a half interest when one of the brothers sold his stake. Lavin then got 100% stake when the other brother also retired. Sheldon Lavin decided if he had to continue with the business, he had to keep expanding strategically. He is behind the global expansion in the 1970s.
Sheldon Lavin had strategically planned made the acquisitions, joint ventures, and purchases. He as well emphasized his expansion in green innovations. Mr. Lavin does not plan on exiting, and he is committed to reducing environmental impact, being socially responsible and advancing a supply chain that is sustainable.
Sheldon Lavin’s Facebook Page: www.facebook.com/public/Sheldon-Lavin