Co Founder and Principal of Fortress Investment Group Randal Nardone
Randal Nardone is the co founder and principal of the financial services firm Fortress Investment Group. Nardone is also a member of both the board of directors and management committee. These are positions that he has held since 1998. From 2011 to 2013, Randal also served as the firm’s interim chief executive officer as well. He currently lives in New York City and is among the world’s richest individuals. According to Forbes, he is the 557th wealthiest person with an estimated net worth of $1.8 billion. Nardone joined Fortress Investment Group in 1998 and begin holding the high level positions that he still has today. As a member of the firms’ management, he has helped built it into one of the top companies in the finance industry. The firm currently manages over $43 billion in assets and assists over 1700 investors worldwide. After he finished high school, he decided to attend college at the University of Connecticut.
While attending the University of Connecticut, Randal would major in both English and biology and receive a bachelor’s degree in both fields. After completing college, he would attend Boston University and its School of Law. He would earn his J.D. degree and become an attorney. Once he finished law school, he began his career by working as a lawyer at the firm Thatcher Proffitt & Wood in New York City. Eventually, Randal would reach the position as partner and become a member of the firm’s executive committee. After working at Thatcher Proffitt & Wood, Nardone would then work in the finance industry. He would work at the Swiss investment banking firm UBS and serve as its managing director. Randal would also work at Blackrock Financial Management as its principal. In 1998, Randal would use his experience and expertise to move on to his next position. He would join the new financial services firm Fortress Investment Group. At this firm, he would hold high ranking positions such as co founder and principal. During his time at this firm, he would help build it into one of the very best financial services firms in the world.
In 2014, Nardone’s company would be named as the Hedge Fund Manager of the Year and Management Firm of the Year. This recognition proved that Randal Nardone and his firm Fortress Investment Group was among the most reputable in the industry. In 2007, the firm would complete an initial public offering. During his career, Randal Nardone has been a member of the board of directors for many different firms. He has been a board member of firms such as New Residential Investment Corp and Eurocastle Investment Limited. He has also served on the board of LLC, Aircastle Limited, Seacube Container Leasing Ltd and Springleaf Holdings. Along with being a member of the board of directors for various firms, Randal has also been a co founder of FIG LLC, Fortress Macro Advisors and Fortress Credit Corporatoin. All of these positions have allowed Randal Nardone to acquire a lot of experience in managing a number of key financial services firms.
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