Randal Nardone is a graduate of Boston University School of Law where he acquired Doctor of Jurisprudence and is as well a holder of a Bachelor of Arts in English and Biology from the University of Connecticut. He is the Chief Executive Officer, Director and co-founder of Fortress Investment Group which he co-founded in 1998. His major role in the company is serving as the principal in charge of Fortress Credit Corporation. Apart from working at Fortress, he has other responsibilities elsewhere like being president of Springfield Financial Holdings and Vice President of Newcastle Investment Holdings. On his part, Randal played a crucial role in the acquisition of Fortress Investment Group by SoftBank Group by stating that it was the right decision considering in that the company was experiencing reduced private equity investments. The sale was meant to raise the business and bring cognitive benefits to all the investors involved.
Under his management, the company has expanded universal investment assets valued at $3.6 billion, and it as well manages assets belonging to around 1,750 clients who are private and institutional. The fact that the business majors in real estate, stable capital and private equity asset strategies mean that it deals with a wide range of clients which they do effectively with the right people at work like Randal Nardone.Under Randal Nardone’s outstanding administration as Director and Co-founder of Fortress Investment Group, the company has been honored with the Hedge Fund Manager of the Year award. Furthermore, the company was presented the Management Firm of the Year, and it has also been recognized and applauded by the institutional investor as the Discretionary Macro-Focused Hedge Fund of the year in 2012.
Randal Nardone with his hard work and achievements has been listed on the Forbes Billionaire list where he ranked position 557 with a net worth of 1.8 billion. He is as well associated with other companies such as Mapeley Limited, Eurocastle Investment Limited, SeaCube Container Leasing Limited and Drive Shack Inc. as well as Brookdale Senior Living Inc. Initially, before becoming a part of Fortress Investment Group, Randal Nardone was a lawyer and was a partner at Thatcher Proffit & Wood law firm and also worked at the Swiss Banks which explains his experience and efficiency in his current position. Venturing into business for him came as a by the way, and the confidence he portrayed saw him succeed in his endeavours. Moving from law to finance may have looked out of place for others, but for Randal Nardone, he knew what he was after and had realized that both were related in a way.