Randal Nardone is an unforgettable figure in the face of Fortress Investment Group that many people respect due to his proficiency in investment and the positive attitude towards achieving unimaginable targets. Being one of the founders of Fortress, Randal brought on board some aspects that no one in the company could ever contribute towards the growth of the organization. He was the man behind the acquisition of AIG’s American General Financial Services, a company that later changed its name and identity to be renamed Springleaf Financial Services. The astonishing thing about this acquisition was that after the company was purchased by Fortress Group, under the management and guidance of Randal Nardone, that value of the organization rose by more than twenty-seven times its original value. This was a historical growth that had not been recorded in any other organization before.
Randal’s decision to register Fortress Investment Group in the public stock market was also another move that brought disruption in the investment industry. Being a big firm that operated as an alternative investment manager, no one expected such a move from Fortress Group. In fact, most of the people, both investors, and the public were speculating the collapse of the company after the decision. However, contrary to their views and opinions, Fortress Investment Group resulted into a huge growth that led to the popularity of the organization and many investors got attracted to the firm. This led to the company getting more clients bringing their wealth for their excellent management services that they had proved to have. All thanks to Randal Nardone and his risk-taking attitude.
Through some initiatives that Randal Nardone has proposed and implemented in the organization, Fortress Group has been able to perform excellently both in the local and international market. One such initiative is the recent acquisition by SoftBank Group. The multinational company from Japan acquired Fortress in the middle of 2017, a transaction that not many people understood its impact on Fortress. However, Randal is on record explaining and demystifying the importance of the acquisition to the organization, citing that Fortress will be able to leverage the huge clientele of SoftBank to their investment strategies.