How Did Randal Nardone Come To Head One Of The Most Successful Hedge Funds In The World?

Randal Nardone is best known for his role as a founder, principal, director, and CEO of Fortress Investment Group, one of the most successful alternative investment companies in the world. His climb to this influential position was, however, preceded by a series of equally prestigious management posts in different organizations, thanks to his unmatched leadership Skills. Here is a breakdown of the practicing attorney’s climb to head Fortress. Read the article at patch.com to know more.

Education and entry into the world of finance

Nardone first graduated from the University of Connecticut with a Bachelor of Arts in English and Biology. But he would soon go after his passion by joining Boston University’s School of Law and pursuing a Juris Doctor degree. Upon admission to the bar, Randal Nardone joined Thatcher Proffit & Wood law firm. A combination of dedication and apt leadership skills saw him elevated and assume a partners position in the firm before leaving to join UBS, a Swiss banking agent.

It was during his tenure here as a managing director that the interest in finance and investment intensified. This saw Randal Nardone leave UBS and join Blackrock Financial Management Inc. as a principal. His big break in the investment world would, however, come in 1998, at the height of the technological boom, when he partnered with four equally experienced finance and investment experts to form Fortress Investment Company.

Career at Fortress

He immediately assumed the position of the company’s Vice President, Chief Operations Officer, and secretary. This put him at the center of almost every critical decision affecting the company. His experience in the investment industry and exemplary leadership skills played a key role in helping the firm burgeon, gain investor confidence and hit close to $70 Billion in Assets under management.

Going public and Softbank acquisition

In 2007, Randal Nardone played an active in the series of brainstorming sessions that saw the investment firm become the first privately traded firm to trade shares on the NYSE. A decade later, while he served as the company CEO, he chaired similar decision-making sessions that saw the company delist from NYSE and agree to an acquisition proposal by Japan-based Softbank. Randal argues that the acquisition only serves to strengthen the investment firm’s base while assuring the investors that the banker will only play an oversight role while the founding team continues to run the investment firm.

Read more: https://www.fortress.com/about

 

George Soros’ Struggle to Bring Needed Change

Having survived one of the darkest moments in history, George Soros has proven that not even his past can slow him down. Born in Hungary, George moved to England at an early age due to the Nazi’s invasion of his country. George rose beyond expectations and has now become one of the richest men we have in the world. Considered by many as a liberal billionaire, George Soros’ interests lie greatly in politics. He was the biggest funder to the Democratic Party, in which he donated $25 million to Hillary Clinton and her fellow Democratic candidates, in their causes.

Supporting political parties is not the only thing this billionaire is up to.

George is also involved in active trading. He is clearly a man of many talents. Back to his political interests, George was a big supporter of Hillary due to his passion on matters concerning immigration reforms, criminal justice reforms and religious tolerance. These were matters close to his heart and he felt they were threatened by the opposing political party. Read more about George’s life story at biography.com

A man with a great desire to restore a peaceful world

George Soros great work was also seen in his commitment to the contribution of $5 million. This contribution went to a group called immigrant voters win that sought to increase the number of Hispanic voters. Another of his many works is the commitment to contribute another $5 million to a non-profit group that wanted to ensure that no one is restricted to vote.

His contribution that is driven by his passion was similar to what he did in 2004 where he boosted John Kerry against Bush. He made a contribution of $24 million towards John Kerry because of his opposition to the Iraq war and other policies that he felt were oppressive. Through his international Foundations, Soros has contributed more than $13 billion over the years to non-profits. This money goes towards defending human rights, expanding access to the health care and education system in the U.S. and ensuring the democratic process in Eastern Europe is in good shape. Read his profile at Washington Times.

Restoration of Human Rights

Soros has been a very busy man as he has also played a very big role by giving $33 million in a period of one year to the Ferguson, Missouri, protest movement. This movement was motivated by the killing of a Ferguson teenager who went by the name Michael Brown.

Soros also funded the grass-roots organizations known as Gamaliel which helped add to the Ferguson demonstration. This is a clear indication of Soros’ passion and desire to give a voice to minority and to bring justice where need be. Whether funding political parties or human rights parties, George Soros has proven that more needs to be done, and he is the man to do it.

References

Kenneth P. Vogel (2016) George Soros rises again: Politico

Joel Himelfarb (2015) George Soros Funded Ferguson Protests: Washington Times