Fortress Investment Group are True Innovators in the Investing World

Fortress Investment Group has grown since its founding in 1998 as private equity firm. Today, as a global investment management firm, it employs 900 people and is responsible for over $43 billion of assets. Fortress is an innovative company that has had a massive impact on the financial world.

Fortress’ founders were brought with them extensive experience from some of the world’s largest financial institutions, specifically, Lehman Brothers, Blackrock, and Goldman Sachs. They were quickly successful in their goal to invest in new, cutting edge, opportunities. They were among the first alternative investment companies and they were the first such group to be traded on the stock market.

Throughout the first decade Fortress Investment Group made a host of acquisitions. These acquisitions included Intrawest, RailAmerica, and Penn National Gaming. Every added acquisition made Fortress more diverse and more valuable.

Fortress Investment Group continues to operate independently, but in 2017 they were bought by a Japanese company known as the Softbank Group Corporation. Softbank purchased Fortress for $3.3 billion. The purchase makes Softbank among the biggest alternative asset investors in the world. The new owners believe that they can double the company’s (Fortress) assets in the coming years. Additionally, they have more overreaching goals for their newly acquired company.

Softbank’s overall plan is to use Fortress in their goal to lead the charge of emerging technologies. They believe that it is an important cog in the machine that will allow them to expand and adapt, globally.

Fortress Investment Group is a history making company. They blazed a trail as one of the first alternative investing firms. They were the first such group to trade publicly on the stock market. And they were the first such group to be sold, when Softbank purchased them in 2017. Their new owners seeks to use them to build.

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Louis R. Chenevert: Leading the United Technologies Corporation

Louis R. Chenevert is an influential executive who served as the chief executive officer of the United Technologies Corporation from 2006 to 2014. He was born and raised in Canada and spent most of his childhood and teenage living in the country. He went to the University of Montreal in college, where he received his Bachelor’s Degree in Commerce. After he graduated from the university, he looked for opportunities in the United States and migrated to work for General Motors where he was hired as one of their corporate employees. He spent 14 years with the car manufacturing company, and after he resigned, he transferred to the Pratt & Whitney and served for six years. He worked hard to increase his quality of living, and when an opportunity for him to work for the United Technologies Corporation came, he informed the executives at Pratt & Whitney about his plan and left.

Working with the United Technologies Corporation changed his life for the better, and Louis R. Chenevert was promoted several times because of his skills and expertise in managing the business. In 2006, he was appointed by the board of directors as the newest chief executive officer of the company, and he is one of the reasons why the United Technologies Corporation grew tremendously. He also led several reforms that benefited the company’s employees and their clients. One of the most significant changes that he introduced was the creation of scholarships that were given to their employees, and many were given a chance to go back to school to study and gain degrees that would help them advance their careers.

Louis R. Chenevert also maintained a close relationship with their clients, especially the United States Military. Because of the positive reputation that the company has, more and more clients started choosing them to provide for their technological needs. Airline companies and government research facilities are some of the institutions which have benefited a lot from the products that are being sold by the United Technologies Corporation. Louis R. Chenevert was given a lot of recognition from various award-giving bodies, and he finally retired in 2014.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/