Fortress Investment Group is an alternative investment firm in the United States. It has its headquarters in New York, and three principals manage it. FIG was formed in 1998 by Wes Edens and Randy Nardone, and in 2002 Peter Briger joined the management as the principal. Currently, Fortress Investment Group manages assets worth over $40 billion on behalf of 1750 individual and corporate investors. Fortress has been one of the most successful investment firms in the country. Through proper leadership by the three principals, it has managed to win the confidence of many investors. It is highly likely that SoftBank was attracted to the good performance of the company. SoftBank Group Completes Acquisition of Fortress Investment Group.
SoftBank Group now owns Fortress Investment Group after acquiring all the shares. The deal was recently completed after SoftBank paid $3.3 billion in cash. This deal was negotiated for a long time, and finally, SoftBank succeeded. However, they had to agree to a non-interference clause. What this means is that they will be involved minimally in the operations of the Fortress Group. For instance, they will have no control over the daily operations of FIG. The leadership of the Fortress group will remain intact as well as their offices in New York.
Fortress Investment Group was started by Wes Edens and Randy Nardone in 1998. Since its formation, it has impressed investors through great results. In 2002, Peter Briger joined the company as the principal in charge of the Fortress credit division.
SoftBank was formed in the 1980s by Masayoshi Son. It started as a computer accessories business before it invested heavily in tech companies. In 1996, it took up a controlling shareholding in Yahoo, an investment that stimulated its growth. SoftBank has been known to be an investor in technology, but this time they seem to have diversified into a new area. Fortress Investment Group is an alternative investment company.
The acquisition of FIG is seen as an initiative that will make SoftBank the largest investment form in the world. Currently, they have investments in over 400 companies in the tech industry. Masayoshi Son is optimistic that this deal will help SoftBank to attain its long term growth plans.
Highland Capital Management is under the leadership of James Dondero who is a revered investor and a philanthropist. His charitable acts have been benefiting the Dallas Community for many years. Some of the organizations that have significantly benefited from the charitable acts of James Dondero are such as the Dallas Zoo, the Family Place, the Perot Museum of Nature and Science and many more organizations that are based in Dallas. Highland Capital Management is widely known for investing in the community, and this has been made possible by revered investor Dondero.
About James Dondero and his Philanthropic Efforts
James Dondero offers his working assistance to some of these organizations since each of them represents a noble cause. Assisting a not-for-profit organization through the issuance of funds helps it to achieve its set goals. For instance, the Dallas Zoo was not operation since 2001, and the residents were grumbling about the closing down of the zoo. People even penned letters to the management of the Dallas Zoo and their grievances were not addressed. After some time, the management at the Dallas Zoo decided to rebuild the hippo habitat, but their primary challenge was the access to funds.
Approximately $14 million was needed to rebuild the zoo and philanthropists such as James Dondero had to lend a helping hand. James Dondero issued $1 million dollars, and other philanthropists also issued their contributions that amounted to $14 million, and the zoo was reinstated after some time. James Dondero has also issued his financial support to other endeavors, and his primary goal is to improve the Dallas community. By also participating in the Education is Freedom Charity, James Dondero has ensured that people have access to education since it is an integral part of our lives. James Dondero has also partnered with individuals such as Linda Owen. Linda once served as an executive at the Woodall Rodgers Park Foundation, and she works together with James Dondero to help some of the non profit organizations in Dallas.
Shervin Pishevar went on a Tweet storm that lasted 21 hours onFebruary 5, 2018. Shervin Pishevar touched on and made predictions of topics from Bitcoin, Silicon Valley, SpaceX, and the stifling of United States based startups.
Shervin Pishevar beganhis stream of tweets with the bold prediction that the markets would drop 6,000 points in the months ahead. He predicted “financial storms” as there would be volatility in the bond market that would create instability in other markets as well. Shervin Pishevar also addressed the future of Bitcoin and gold, as he tweeted that gold would rise in response to recent economic instability and that Bitcoin would continue to crash and then stabilize at the $2-5k range. Pishevar predicted that after the initial stabilization, Bitcoin would continue to rise at a slow and steady pace.
Shervin Pishevar then went on to address his thoughts on the decline of Silicon Valley. He tweeted that Silicon Valley, while still a physical place, has transcended into a greater idea in technology. Pishevar went on to say that “entrepreneurship is a movement” and described it as “borderless”, meaning that innovation is no longer considered to be confined to California or the United States as before. Pishevar warned that the United States was falling behind to countries such as China in its infrastructure growth. He accused the United States government and companies to be “trapped in short-term thinking”. The only exception Shervin Pishevar gave to this thought was theSpaceX program, which he believes will flourish when executed.
Finally, Pishevar’s Tweet storm concluded with his thoughts on the stronghold that the tech giants such as Google, Microsoft, Apple, Amazon, and Facebook have on economic development. Pishevar hypothesized the monopoly that these companies have created have suffocated the development of any future United States based startups.
Matt Badiali is a gentleman who enjoys science. He received his Bachelor of Science degree from Penn State University. He later earned his masters’ degree in geology from Florida Atlantic University before 2004. Matt started his financial career after talking to a friend before enrolling for his Ph.D. The friend wanted Matt to help him come up with ways that an average investor could invest his money. He was ready to help because he had seen his dad struggle with investments as well as help others make sound decisions when it came to investing their resources. Through his advice and articles, Matt Badiali has helped many people in making the right investments and increasing their capital. Matt loves to travel around the world to share his ideas and advice.
According to Matt, his educational background in science made it easy for him to come up with ideas about investing in natural resources for a newsletter. Matt Badiali’s average day starts from 6:30 am where he reads a newspaper and ensure that his daughters have gone to school on time.
He also watches some news and weather on television before he starts his day. He argues that most of the ideas that he has come up with are derived from personal experiences. He uses what he has gone through to guide him to come up with the advice that he offers to others. Matt has traveled the world. He has visited several countries and understood how people live in these nations. Thus, he uses these experiences when he wants to change the information around or write about a new topic.
Matt Badiali is fascinated about the future. He believes that we are approaching a breakthrough concerning energy consumptions. The use of kerosene is likely to become a gone experience as more efficient resources of energy will be employed. Moreover, when it comes to his day, Matt handles one task at a time. This allows him to ensure that the issue is fully completed before tackling another one. Given a chance, he could take internship courses at organizations for free for him to gain more experience. Matt Badiali recommends that it is essential to fill your mind with knowledge. It requires one to have the latest information to make the right decisions.
In today’s day and age, it is really not that hard to get a credit card. Unfortunately, this has become a burden to many families that have continued to rack up debt over the years. I am personally terrified of going into thousands of dollars worth of debt, especially for consumer goods. However, there is a good and bad way to use credit. The good news is that if you already have a poor credit score or no credit score at all, there are ways that you can improve it. In this article, I am going to be going over some of the ways that you can do this.
For most people, the reason why they have a poor credit score is that they let themselves go into debt in the first place. For whatever reason, they either missed a payment or couldn’t make the payment when it was due. For some families, this happens month after month. The first step is to pay off all remaining debt. If you have very large debts on credit worth thousands and thousands of dollars, I would recommend using the debt avalanche method. This method is where you pay off the debt with the highest interest rate first. This way, you will pay less over time. If you have smaller debts, I would recommend thedebt snowball. It will give you confidence over time. When you are going this, you are living like a college student and minimizing all expenses so that you can tackle this debt.
Only put things on credit that you can afford
If you can’t pay the bill with cash, you probably shouldn’t be buying it. For beginners, I would recommend onlyputting minor expenses on credit card that are easy to pay off like gas and grocery bills.
If you are looking for great loans, I would definitely look into GreenSky Credit. GreenSky Credit has loaned over $1 billion which makes them very credible. GreenSky Credit also has 1.6 million satisfied customers nationwide. Finally, GreenSky Credit has 12,000 active merchants ready to help you. In the end,GreenSky Credit is the company to go with!
The financial crisis of 2009 and the real estate bubble are two events, which many Americans dread to relive. Retirements were destroyed. A baby boom generation poised to enjoy their glory years became lifelong employees. They cannot afford to stop working.
How would you feel if 40 year’s worth of retirement benefits disappeared? There are those who died from the shock. Then there are those who sought the services of Mr. Martin Lustgarten. A double citizenship, a career in investment banking and a brilliant mind define the man.
He has a special place in his heart for retirees. Retirement is a goal. He believes ones needs help to achieve it. His financial and success model is simple; retirees need to become international investors. Diversifying across counties is frowned as spreading oneself too thin. However, he believes it can be done with a close financial eye.
His model of spreading wealth across many countries reduces risk. He makes money from having a clear birds eye view of where the economy is going. Taking the same experiences through a different looking glass could unearth avenues to make wealth beyond the imagination.
A similar model was used by Sir John Templeton. The most famous international investor is George Soros. He borrows from the same book. He works very hard to make his clients rich. George Soros made a killing with the British currency. He read the signs right. According to Martin Lustgarten, a diverse global portfolio is necessary to expand your wealth.
For retiree looking for a mentor Martin is perfect for the role. Investors who do not know where to take their money can benefit by following his steps. For him, it is not about paying the bills, but about making money.
A recovering US economy is a source of more stability for the dollar. Martin has already identified the recent moves as fertile ground. The Federal Reserve Bank low-interest rate policy means you can get cash at very low rates. Martins’ advice is to get deeply into debt, while there is still a chance.
Martin Lustgarten is an investment banker. He was born in 1958, and he lives in Florida. Follow Lustgarten on Instagram @mlustgarten to learn more.