New York City Based Alternative Asset Management Company, Fortress Investment Group.

Headquartered in New York City, Fortress Investment Group is an alternative asset management company. The company was founded in the year 1998 by Wes Edens, Robert Kauffman, Michael Edward, and Randal Nardone. The partners raised $400 million to set up the firm as a private equity company. Visit https://www.bloomberg.com/profiles/companies/FIG:US-fortress-investment-group-llc

The firm appointed Peter Briger in the year 2002 to its chain of leadership. Briger enabled the company to be publicly traded out in the year 2007. After the company was listed in the New York Stock Exchange Market, it became the first large company in the United States to go out the public.

Fortress Investment Group added Intrawest to its acquisitions in the year 2006, Intrawest is a Canadian ski resort. In November the same year, the company acquired a 32% stake of RailAmerica company. RailAmerica was however later sold out in the year 2009 through an initial public offering.

Since its inception, the alternative asset management company has acquired several other firms. In the year 2007, Surface Transportation Committee approved the acquisition of Florida Coast Industries from FECI. Fortress acquired the company at the cost of $3.5 billion.

Due to its remarkable success in the asset management industry, the company has received several awards. In the year 2014, it was picked out as the Hedge Fund Manager of the Year. In 2012, it was awarded the Macro-Focused Hedge Fund of the Year Honour. HFMWeek also awarded it with the Management Firm of the Year Award.

Fortress Investment Group currently manages more than $80 billion in equity and property investments. The firm has employed over 2600 employees distributed across its departments. The company has also expanded to incorporate real estate investments, hedge funds, and debt securities.

Wes Edens announced in January 2018 that Fortress Investment Group would be sold to SoftBank Corporation from Japan. SoftBank acquired the group at the cost of $3.3 billion in cash. In a signed contract, it was agreed that Fortress would retain Randal Nardone and Wes Edens as its chief principals. Read more on indeed.com

The agreement also highlighted that the asset management firm would maintain its headquarters in New York City in a five-year deal.