Randal Nardone and His Determination to Re-Engineering the Fate of Fortress Investment Group

As one of the co-founders of Fortress Investment Group, one of the largest and pronounced alternative asset investment company around the world, Randal Nardone has formulated and executed some of the best policies that have helped the entity to re-engineer itself back into the market and compete effectively with new and older wealth managing companies. Helping the company to reinvent itself is an essential aspect because it helps the firm to remain relevant to both the old and the new customers who want to invest their resources in various fields.

Randal Nardone was the face behind the registration of Fortress Investment Group in the New York Stock Exchange. He was geared towards ensuring that the entity was sold to the members of the public so that it can operate and trade as a public entity rather than a private institution that was only focused on making profits at the expense of its customer’s needs. Financial pundits and market observers had declared the move to register in the stock market as a poor strategy that would not help the entity. Many people thought that incorporating members of the public in the ownership of the entity would only water down the authority and influence that Randal Nardone and other co-founders had.

Despite the criticism and challenges facing the move, Fortress Investment Group became the first wealth managing company to be registered in the stock market. This means that the firm was now open for scrutiny and criticism from the members of the public because they had interests in the growth and operations of the company. It is through the ownership of the company that the firm became more transparent and responsible in all its activities which would attract a large number of customers to work with it.

The vision that Randal Nardone had was a company owned by the public and operated by the people through their opinion. However, he did not anticipate that the firm would gain significant resources from the proceeds earned from the sale of stocks to the public. All the capital gained after selling the ownership of the firm to the public was used in increasing the investment portfolio of the company and improving its service delivery.

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