FORTRESS INVESTMENT GROUP: A GLOBAL MANAGEMENT FIRM

With over $75 million under assets management and a workforce of about 953 employees, Fortress Investment Group LLC is the world’s leading assets and investment management group with 216 investment professionals. It is based in New York with affiliate offices in Italy, Hong Kong, Germany, and China. It was founded in 1998 as a private equity company by Wesley R Edens and Rob Kauffman. It was the first large private firm in America to be traded publicly when it was launched on the New York Stock Exchange in 2007. Its’ broad experience and expertise on a range of investment strategies such as credit, private equity, assets, and the liquid market has enabled it to attract and represent over 1750 institutional clients and private investors across the globe. Its’ management committee has years of experience, and that has been effective in making it flourish for the past two decades.Fortress Investment core competencies are in operation management, industry knowledge, capital markets, corporate mergers, and acquisitions.

They are famous for their excellent services in real estate related investment, debt securities, and hedge funds. It was acquired for $3.3 billion, a far cry from its $7 billion valuations during its initial public offering, by the Japanese firm SoftBank, which also owns the US wireless carrier Sprint. Before the deal was announced, shares in Fortress rose by 6.5% to $ 6.21 and after-market trading it rose to a further $7.78 a 25.3% increase. Mr Son, Softbank’s owner, stated that the firm would remain an independent entity with the SoftBank group and the leadership team of Fortress continuing in their current roles.According to Fortress Investment employees, the firm provides valuable experience for one to learn and grow professionally, gives great benefits and has excellent internal human resource. Fortress Investment Group has one of the most active investment groups on social media as part of their commitment to customer service. By keeping things up to date, it allows them to show potential business clients and customers what they are doing.

Having an account also allows them to share exciting information about the industry. In 2010, Fortress Investment provided construction loan of $875 million to Millennium Development Group for the construction of Winter Olympics athlete’s village. It then handled the ownership of the property back to the Investment firm when the games ended.Fortress Investment recently loaned $65 million to Theramos to help it remain solvent and viable with another $10 million should the company win the regulatory clearance to market the Zika assay in Europe or US. However, according to Theramos’ C.E.O Elizabeth Holmes, its cash reserves are expected to dip below $3 million which is significant as per the term of the loan which included the provision of a minimum $3 million liquid threshold. Should Theramos default on the loan, Fortress could take full control where it will oversee a foreclosure sale or monetize its assets taking out a three times return on its investment. With cash depleting, Holmes is laying out employees except for technical, financial, legal and administrative staff.

Source of the article : https://finance.yahoo.com/lookup?s=FIG

Jason Hope Supports SENS Foundation in Preventing Age-Related Diseases

The adage age is a bitter pill to swallow has often been used to tease the middle-aged in the society. All too often, this statement has in reality affected the psychological state of most people. Apart from that, age is a transitional aspect of life that comes with many health issues. Among these issues are different diseases that affect the healthy life of every individual. Therefore, in a bid to beat these age-related diseases, scientists, researchers, donors and friends and families of the affected individuals have come together to contribute various resources. Jason Hope is one such person who has joined this movement.

Background Data

A few days ago, Jason Hope released a resourceful book on Amazon. ‘Understanding the Internet-of-Things Revolution’ is a book to help readers comprehend the era of IoT. According to Jason Hope, the future of the communities is in the hands of technology. He continues to state in his book that futurism is the key to a modern world with advanced technologies.

Why Hope Supports SENS Foundation

As a futurist, Jason Hope is a firm believer in using all the existing resources to invent revolutionary technology for the treatment of age-related diseases. That is why he works with like-minded individuals to initiate such programs. One organization that Hope has worked with is the SENS Foundation. As numerous diseases are affecting the elderly, the healthcare system is now focusing on treating the conditions rather than preventing them from occurring. Therefore, Jason Hope and SENS Foundation have decided to work together through a different approach.

SENS Foundation

Jason Hope has supported SENS Foundation for decades. In 2010 alone, he donated $ 500,000. This amount was channeled to a fund that would later allow access to technology. In return, the technique would be applied to counteract the aging process. Further, into the entire project, the prevention of the aging process will beat all age-related diseases through prevention. First announced at an event he attended in San Francisco, Jason Hope has since been supportive of the entire anti-aging project by SENS Foundation.

Further Look into HopeJason Hope is an entrepreneur and philanthropist as well. Growing up in Arizona, he developed a passion for technology at a relatively younger age. At the same age, he attended secondary school and joined Arizona State University for a bachelor’s degree in finance. Being visionary, Jason Hope advanced his education by joining W.P. Carey School. There, he pursued business before delving into his career. Hope has since invested in start-ups and biotechnology companies with the purpose of making this world a better place for future generations. Entrepreneur Jason Hope Invests in Research Against Aging

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How Start Up Businesses Are Hurting According To Shervin Pishevar

As a venture capitalist, Shervin Pishevar needs to know what’s going on with startups. He has seen the rise of many great startups, including Uber and Airbnb. However, he recently sent off 50 tweets, many of which talk about what’s hurting businesses.

Monopolies

Monopolies are one of the reasons why so many startups are hurting. It’s hard to go up against the giants such as Amazon and Apple because of the amount of power that they hold.

Even when a startup happens to be more innovative, they are simply swallowed up within an acquisition. This only adds strength to the monopoly. The founders of the startup might have money in their pocket, but their dream of being a CEO and competing with the big dogs is gone.

Innovation

Many startups don’t have the innovation that they once did. Some of this has to do with Silicon Valley losing their competitive edge. Shervin Pishevar discusses how immigrant talent is no longer flocking to the U.S. Some of this has to do with physical and cultural borders imposed by the government. With less talent immigrating to the United States, startups are not as successful as they once were.

Poor Infrastructures

Another way that startups aren’t working is that they are trying to model themselves after the giants. However, what works for a monopoly isn’t going to work for a young startup.

Shervin Pishevar has identified throughout his tweets that the monopolies need to be taken down. He says that once Ma Bell was broken down, it allowed new companies to rise. This is what was best for consumers. Taking down the current giants in the U.S. too, will be what’s best for consumers as well as for the startups who are eagerly trying to get into the marketplace and stay there.

By following all of the tweets that Shervin Pishevar sent out, it’s easy to see the advice that he has for startup businesses and where the government is currently failing to help them.

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Shervin Pishevar’s February Tweet Storm

A serially successful tech investor, Shervin Pishevar understands 21st-century economics.

 

When the American stock market hit a skid in early February, Pishevar broke a two-month Twitter silence by posting one tweet that predicted a 6,000-point aggregate downturn in the Down Jones Industrial Average for 2018. He followed that tweet with 49 others that detailed uncertainty for the U.S. economy.

 

Several Reasons

 

In chunks of his tweet storm, the successful venture capitalist highlighted multiple contributing factors. His culprits included rising interest rates and credit deficits, federal tax cuts that were not matched with adequate reductions in government services, faltering infrastructure and isolationist immigration policies. Shervin Pishevar also warned of a possible recession. He said that this era’s volatility indices, such as exchange-traded funds and managed-future funds, are built to wag the dog, and he added that similar financial instruments caused 2008’s Great Recession.

 

Multiple Disadvantages

 

In other tweets, Pishevar bemoaned the U.S. economy’s complacency. Shervin Pishevar shared segments of an essay he wrote in 2009 that warned about competing populations copying Americans’ entrepreneurship and using nimbler infrastructure to surpass the U.S. Within the essay, Shervin Pishevar included, “The American Way has become the Global Way.”

 

Nearly ten years later, he called that statement truer. “Speed of execution across many sectors from other regions is startling. Very little of frictions that are becoming systemic fractures here,” he tweeted.

 

Further, Pishevar explained that stateless entrepreneurs were draining Silicon Valley’s competitive advantage. He exclaimed, “Silicon Valley is no longer a physical place but an idea that’s gone viral. Entrepreneurship is a movement. Borderless!”

 

 

Continuing, he decried the Trump Administration’s immigration policies. “While we build walls, both physical and cultural, to keep out immigrant talent, that talent doesn’t need to come here anymore,” Pishevar tweeted. Meanwhile, he noted, China recently built a large train station in nine hours. Find Related Information Here.

 

A Looming Shift

 

Noting that giants fall, Shervin Pishevar also forecast a once-in-a-millennium shift caused by digital, stateless cryptocurrencies, and he treated its likely results positively, saying, “When all the middlemen are irrelevant, we can have a global economy that is more perfectly efficient and frictionless.”