Managed Assets Increase for Fortress Investment Group

Since Tokyo-based SoftBank Group Corporation gained interest in Fortress Investment Group (FIG), the subsidiary firm saw an increase in managing assets. When Japanese entrepreneur Masayoshi Son received ownership, he immediately placed FIG in the position of expansion and exploring future technologies. What attracted SoftBank to the management company is its history of raising capital funds and managerial skills of building strategic portfolios. Leaders, Peter Briger, Randal Nardone and Wesley Edens retain their role as executives at the New York headquarter office.

Between September 2017 through the end of June 2018, Fortress Investment Group experienced an increase in management assets by 5.3 percent. Business Wire reported the investment company managed $36.1 billion last year and $41.4 billion of assets the end of third quarter of this year. The firm’s performance is great news for Masayoshi Son who is confident in FGI, the investment managers, and investors. He expects the firm’s assets to double in a few years with the initiative of marketing its funds to global high-net worth investors. Read more on

Randal Nardone and Wesley Edens found Fortress Investment 20 years ago forming partnerships with other investment companies. Wall Street Journal released information in February 2017 stating that SoftBank acquired FIG for $3.3 billion. The purchase acquisition is a major asset for SoftBank in becoming the largest international investment firm in the world. It was the first leading close for the SoftBank Vision Fund, a subsidiary of the SoftBank Group Corporation which had over $93 billion in capital.

Fortress Investment Group marked history in 2007 as the first hedge fund manager in the United States to go public. The subsidiary continues to operate independently at its headquarters under the leadership of Nardone, Edens and Briger. SoftBank has the controlling interest in FIG’s investment funds comprising digital technology, real estate, energy, telecommunications, healthcare, credit, and transportation enterprises.

Now that the Japanese firm is the parent, Fortress Investment Group can explore other opportunities in foreign trade. SoftBank introduces other markets with emerging technologies, including artificial intelligence, internet services, and robotics investments. With the expertise of Fortress leaders in structuring and managing assets, it validates their commitment to continue growth of FIG.


How Shervin Pishevar’s Tweet Storm Changes the Game on the Tech Market

In 2018, Shervin Pishevar has been a man of few words. Having been out of public sight for most of the last year, Silicon Valley entrepreneurs have been curious about the financial guru’s viewpoint on current market trends.

So when Pishevar took to Twitter recently to hammer home his views on the role of tech as a driver of currency value and as a potential disruptor of the global economy, the normally risk-averse tech world wondered if they ought to bet on Pishevar’s sometimes bleak but more often hopeful view of the future landscape of the market.

To understand Pishevar’s tweet storm, you first have to understand the role of Bitcoin in a new consumer movement towards crypto-currency investments. To put it succinctly, a person who had bought 1,000 Bitcoins at a value of $10 per coin in recent times, for example, would have made nearly $20,000,000 on their investment of $10,000. (Like the dollar, the Bitcoin merely acts as a means to conduct financial transactions between two parties.)

Conceptualize investments just north of that figure, and it’s easy to see how quickly investors were able to make billions of dollars off of Bitcoin speculation. For investors willing to take risks to take home huge rewards, Bitcoin has become the ultimate test of an investor’s ability to make forecasts about the market.

It should surprise no one, then, that Shervin Pishevar is no stranger to taking risks. When he introduced Uber’s revolutionary business model into public view as an early supporter of the company, few with an affinity for tech innovation at the time would have imagined that a start-up aiming to fix some of the flaws in the monopolistic taxi industry could have accomplished their stated aims.

Instead, Uber went on to become one of the biggest success stories of the last decade. They did so largely by looking at a traditional industry model in a non-traditional way and then acting on unconventional assumptions. Would smartphones push an app-driven market for taxi services, for example?

By all standards, the answers was a resounding “yes.” Presaging the “gig economy” of 2017 and 2018, Uber’s formula for success involved hiring freelance drivers to run the bulk of operations for the company’s expansion, a notion that still strikes many as a masterstroke of grasping consumer demand for new paradigms in customer service.

Which brings us to Pishevar’s Twitter firestorm about crypto-currencies and Silicon Valley’s future. As Pishevar sees it, Bitcoin is likely to drop in value in the near future; however, according to Pishevar, its value will then stabilize and continue to grow in value over a period of at least 24 months.

How is this likely to affect investors? If Shervin Pishevar is correct, a downgrading in Bitcoin’s value would likely stir a massive sell-off in coming months, meaning that savvy buyers will be able to make inexpensive purchases of Bitcoin and other currencies just before they stabilize. Once Bitcoin stabilizes, investors are likely to see their profits rise exponentially.

For these reasons, an understanding of Shervin Pishevar’s deft understanding of market forces and the role of new technologies such as Bitcoin should have potential investors sitting up and taking notice.