Last year, 2018, was one of the best years for New Residential Investment Corp. The company was one of the best performers in the stock market apart from being one of the companies that had one of the best returns. This impressive performance in 2018 by this company is pure because of its effective management, led by Michael Nierenberg. This explains the reason why the company CEO graced several investment magazines around the world. In all the interviews, Nierenberg was vocal on the reasons why his company had a perfect trading year. In one of the interviews, he pointed out that they, as a company, have embarked on a policy-redesigning journey and these changes helped the company to achieve the numbers.
Just like other markets, real estate as a market needs a company that is aware of the trading realities. Michael Nierenberg understands that for this company to be competitive, there is a need for changes in approaches. This perspective made the company follow some of the wisest decisions in the world of investment primarily in expanding their influence in the market. Pundits point out that this is one of the reasons why New Residential Investment Corp made the strides as far as being profitable is concerned. Nierenberg was however consistent that the changes in the company’s policies and view on profits did not affect the company’s culture on work ethics and transparency.
This approach to business and especially in the investment world paints the correct image of Michael Nierenberg abilities and experience. First, he is one of the best negotiators, and these negotiating skills gave him a chance to push for agendas that protected the company’s interests. As the company CEO and president, he successfully made deals that were timely for the company especially in private equity investment. Second, Michael Nierenberg apart from being one of the best negotiators is without a doubt one of the most experienced professionals in this industry.
Nierenberg in addition to being one of the best negotiators and one of the professionals that are experienced in the world of numbers and deals is active in the world of philanthropy. For nearly two decades, he has been at the forefront of courses contributing money for cancer patients.
Michael Nierenberg’s: Twitter
Founded by Wes Edens, Randal Nardone and Peter Briger in 1998, Fortress Investment Group has become a massive company with a reputation of being among the largest employers in the United States. The company began as a private equity firm and made its first public move in the New York Stock Exchange in 2007.
Over its period of existence which is now close to twenty solid years, the company has become a massive master of physical assets as well as financial assets in the U.S. and has recently begun moves to expand in different countries and continents. The primary facilitator of the company’s success is private equity funds as well as the company credit funds.
Another expertise that Fortress Investment Group is proud to have is that of acquisitions and mergers. The company is equipped with professionals that have become experts on the field as they interact and network with stakeholders of competitor firms.
These employees have been a handy tool for Fortress Investment Group even when it comes to trading at the capital markets because they have already learnt what the stakeholders from competitor firms are doing different and this is beneficial information for the firm to trade and play fairly.
Fortress Investment Group has been an operations management expert over the years it has been in existence, and it has learnt how to create value for itself through investments, is an investment firm. Moreover, the company has acquired vast experience since it has networked with companies from different industries and in the process, Fortress has gained a lot of knowledge on the market trends. It has been facilitated through its successful company portfolio management programs that are conducted by professional portfolio managers.
Late last year, Fortress Investment Group was purchased by a Japanese company named as Soft Bank Group. The company acquired fortress for an approximate of $3.3 billion. However, Fortress would continue to operate as an independent firm, and the executive founders of the company would retain their positions in the company. Another advantage that came with the merger agreement is that Fortress would continue to be New York-based although operations would be within Soft Bank Group.