Fortress Investment Group (FIG) was found 20 years ago in 1998, by Wes Eden, Randal Nardone, and Rob Kauffman. The three founders sought to create an investment firm, who would take a unique approach to investment. Fortress Investment Group would take investment funds from private investors and reinvest the funding into technology-based investment opportunities. Fortress now has a highly diversified portfolio including investment management, special services, property management insurance and risk management and consulting.In 2006 Fortress acquired in shares Canadian Ski Resort and RailAmerica at $ 16.35 per share.
The very next year Kauffman, Nordone, and Eden on February 9th, 2007 took Fortress public, making the investment firm the first ever buyout firm to go public.The initial public offering of Fortress stock was $ 35 and the company was only valued at $ 18.50 per share. In the same year, FIG bought Florida East Coast Industries (FECI), for $ 3.5 billion.In 2010 FIG was named “Credit-Focused Fund of the Year” and again the following year in 2011. In 2012 FIG was named Discretionary Macro Focused Hedge Fund of the Year. In 2014, HFMWeek, named FIG both Hedge Fund Manager of the Year and Management Firm of the Year.
By this time, FIG focused on four areas of investment: liquid markets, private equities, asset management, and credit markets.December 28th, 2017, the Japanese investment firm, Softbank Group Corp purchased Fortress Investment Group for $ 3.3 billion. The acquisition came 10 years after FIG’s IPO. Softbank Group purchased Fortress Investment Group for $ 8.08 per share. While FIG was acquired by Softbank, it will still operate as an independent company working in New York City within SoftBank’s headquarters.Wes Eden and Randy Nardone are still actively running the day to day affairs of FIG, Rob Kauffman retired to pursue his dream of car racing.
Since they first started operating in Baltimore years ago, Agora Financial has grown to accommodate different needs their clients have. They know there are chances they can be successful and they know people who use their service will see the best success opportunities possible. While Agora Financial tries to give people what they’re looking for, they know they can do the best job possible with investing if they keep learning all the right things for their business. Even though they know what will happen if they don’t work the right way, they also rely on helping people with different options.
Even though there are some problems that can come from running an investment company, Agora Financial was willing to take the risk. They knew the right risk could pay off but they also knew there could be trouble that would come as a result of them gaining too much from the business. If Agora Financial continued helping customers the way they were in the past, they could stay relevant and wouldn’t have any issues with their business model. Part of what they did made sense to them because of the positive opportunities they had to be successful on their own. Agora Financial continues to thrive. They took a risk that paid off. Now, they are teaching others how to take risks that will pay off. The company wants to be sure they can help people. Through the hard work they put into the business, they prepare to give back to their clients.
No matter what they do, their clients will always come first. They find great investment opportunities, learn more about investing and add different things just so their clients can be successful. The company wants others to realize they are doing things the right way no matter what issues other businesses might fall into.Unlike some other investment firms, Agora Financial tries to stay legitimate. They don’t take bribes or offers from companies. They don’t rely on the money that comes in from these companies because it would cause them to lose their integrity. Additionally, they don’t try to make things better than what they used to be. Instead, they show customers there are chances they can be successful without struggling to make things happen. Agora Financial knows there are options they can use and they aren’t afraid to give them these options on their own with the investment changes they use.