Discovering Wes Edens, the Co-founder of Fortress Investment Group
Fortress Investment Group is a leading provider of investment banking services in the United States. The New York-based company finances and manages physical & financial assets, and it provides sector-specific investment information to its clients.
But, who is the executive behind the success of this leading investment banking service provider?
Wes Edens, Fortress’ founding executive officer is one of the executives behind the group’s success. The trained financial expert liaises with Peter Briger and Randal Nardone to manage the prominent investment service provider.
Before establishing Fortress, Wes Edens worked as an asset manager at Blackrock Financial Management, a prominent equity fund serving the United States. He also served as a director at Lehman Brothers, a multinational financial service provider. More about of Wes Edens at Bloomberg.
After serving the two prominent financial and investment companies for an extended time, Wes Edens felt that he was seasoned enough to start and manage his company. In 1998, he teamed up with Randal Nardone to establish Fortress Investment Group, a company that was positioned to offer financial and investment advisory services to its institutional and private clients.
At present, Wes Edens serves Fortress as its co-chief executive officer. He supervises the company’s operations to ascertain that the company achieves its mission. This is the primary reason why he is honored as one of the driving forces of Fortress Investment group.
Moreover, Mr. Edens is a member of Fortress’ board of directors, as well as the head of Fortress’ publicly traded investment businesses like Nationstar, and Springleaf Financial Services.
Apart from the investment banking sector, Mr. Edens is an active investor in the world’s sports sector. In 2014, Edens purchased Milwaukee Bucks, a favorite basketball team. He also co-owns FlyQuest. Edens and Lasry, the CEO of Avenue Capital Group, parted away with a whopping $550 million to own the club. Just as they have done with previous investments, the two have since revamped the struggling club.
In July 2018, Robert Wesley Edens collaborated with Nassef Sawiris to purchase a significant controlling stake in Aston Villa, a football club that participates in the English Championships. The businessmen injected a sizeable amount of cash to rescue the club from its financial woes. Former owner of the club, Dr Tony Xia, continues to serve as a co-chairman.
Read more: https://www.fortress.com/about