Randal Nardone is one of the leading executive members at Fortress Investment Group who has played a critical role in the development of the company. As a co-founder, he has been involved in the daily operations of the company where he has implemented large number of policies, which have played a key role in the development of the organization. Here are some of the strategies that he has implemented with the aim of helping the company to dominate the financial industry.
• Investing in Discounted Assets
One of the main roles that Randal Nardone has done is ensuring that the company invests in the alternative asset industry. Most of these assets are available at discounted rates where the company acquires them at discounted rated. The company holds such assets and waits for an opportunity to sell the assets when they can attract high prices. The company refurbishes the assets so that they can fetch higher prices.
• Attracting Quality Personnel
It has proven to be a difficult task to run a company that operates in financial industry due to the large and complex tasks involved. Companies in the financial industry have been trying to get quality employees to run the company in various departments. However, Randal Nardone was able to attract some of the most reliable individuals in the financial industry. Wes Edens and Peter Briger have proved to be important individuals in running the organization at various departments.
• Marketing the Company
Randal Nardone has played a key role in marketing the company to the point where it has the largest number of customers in the industry. Fortress Investment Group has been marketing itself through actions. The company has been formulating customized products to its customers with the aim of providing what they need. Offering personalized investment products has made the entity a darling of many investors.
• Minimizing Losses
The ability of a financial organization to avoid losses and uncertainties that are brought about by the market forces speaks volumes about the management of the entity. Randal Nardone has played a key role in helping Fortress Group to avoid losses by conducting financial forecasting which helps the company to predict how the market will behave.