When it comes to listing top asset management companies in the world, Fortress investment group never misses a spot. In fact, it tops that list thanks to its massive contributions, broad client base and incredible success. Ever since its inception in 1998, Fortress continues to set the pace for other asset management companies and was even the first large-scale private firm to go public during its IPO in the NYSE in 2007. Currently, the asset management giant boasts over $43 billion in assets under its management and serves more than 1700 investors as clients under its wing and is a source of income to over 900 people.
Nevertheless, all this success has not been handed to Fortress investment group on a silver platter but is thanks to its impressive management team led by Wes Edens, Peter Briger and Randal Nardone. The three principals boast remarkable career backgrounds as well, and that explains why they continue to steer the firm to greener pastures.
They use a unique strategy in which each principal heads a segment they are best in. For instance, ever since he joined Fortress in 2002, Peter Briger has been head of the credit segment, a department he has helped steer to incredible levels of success thanks to his exemplary leadership skills and vast experience and knowledge acquired from his previous ventures. Before he joined FIG, Peter Briger had been a partner at Goldman, Sachs & Co for close to two decades. It is during this period that Briger acquired the extensive skills he has now by purchasing assets considered worthless and selling them at a profitable price when the market stabilises. Additionally, he also attended various committees such as the Japan Executive committee which further helped empower him with more knowledge and skills in managing credit and illiquid investments.
Ever since he took over the reins of Fortress’s credit department, Peter Briger has done nothing but bring success to the firm. Today, Briger has over 300 individuals under his wing and using his unique leadership skills, helped raise approximately $4.7 billion for the company’s fund dubbed Fortress credit opportunities. Peter Briger has achieved many other milestones for Fortress, a factor that has seen him gain massive returns. For instance, with a net worth of two billion, Mr Briger now ranks 403 on Forbes List of self-made individuals and is also listed on Forbes top 400 business professionals in the United States.
To know more visit @: littlesis.org/person/37937-Peter_Briger