In 1998, Randal Nardone discussed with Wes Edens and Rob Kauffman. The agenda of the discussion was creating a new business. Nardone noted that businesses that major in financial investment and asset management are the most successful. Nardone told his partners that it would be better for them to leave the companies that they are currently working for and instead establish their own where they would work as the leaders and managers. They resigned from their jobs and formed Fortress Investment Group in the same year, 1998 and set their headquarters in New York City. Randal Nardone together with Wes Edens and Rob Kauffman became the principals of this company. However, Rob Kauffman was to be replaced by Peter Briger after he decided to start up his career.
Randal Nardone helped this firm in a million ways. He backed up the move to establish the firm for public trading and welcomed the selling out 8 percent of the firm to the public via the introduction of shares. Nardone is a visionary leader by himself, and he only accepts proposals that he is sure that they will be beneficial to their firm. He was recently appointed to be the Chief Executive Officer of Fortress. He emphasized on the provision of hedge funds, real estate and other securities to their customers. Randal also introduced various other investment options to their dear esteemed customers. He did this to generate more profit since he had studied one of the market trends. As one of the former member of Goldman Sachs, Nardone implemented his connections with the company to ensure that there are development and advancement in the company. This would, in turn, help them to be among the large private equity firm.
Randal Nardone is also among the most renowned people that have helped the company to sail through the economic crisis successfully from 2008 to 2009. In the 2000s tenure, Fortress Investment Group encountered one of the most severe economic disasters that have happened in recent history. He proceeded with business and traded with various other companies. The firm was able to stay afloat due to his hard work. The cooperation between the principals has enabled them to grow and expand their network. They attained tremendous success such that they posted assets worth 65 billion US Dollars.
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