Randal Nardone


Randal Nardone

Randal Nardone is the co-founder, Director, Principal, and CEO of Fortress Investment Group (FIG). He has been involved with the management of FIG since its founding in 1998. He is also Chief Executive Officer at Fortress Macro Advisors, FM Falstaff Advisors, and Impac Commercial Holdings. Nardone serves on the board for several entities, including Springleaf REIT, Inc., Florida East Coast Railway Corp., Eurocastle Investment Ltd., Florida East Coast Holdings Corp. and Seacastle, Inc. Nardone is currently ranked at #557 on FOrbes’ Billionaire list, with an estimated net worth of over $1.8 billion.

Randal Nardone received a B.A. in Biology and English from the University of Connecticut and a juris doctorate (law) degree from Boston University School of Law. After law school, Nardone was a partner at the law firm Thacher Proffitt & Wood. His legal education and experience helped him find success in finance, which led to a transition into the investment industry. Prior to his involvement with FIG, Nardone was a principal at BlackRock Financial Management and managing director at UBS.

Nardone has developed FIG into a leading global investment management firm with approximately $41.4 billion of assets managed. FIG employs 915 asset management employees, including 205 investment professionals, at its headquarters in New York and offices around the world. Nardone is actively involved with the operations of FIG, including its subsidiaries and other organizations. Randal Nardone joined board of FIG in 2006 and became CEO of FIG in 2013.

FIG is known for its emphasis on diversification, with a focus on open-end asset funds and direct lending to support its actions. FIG allows its investors to access private credit firm when necessary. FIG also raises capital for large scale investments related to patents, which makes it unique from other investment firms.

Recently FIG was acquired by SOftBank, a Japanese investment firm, for $3.3 billion. Despite the new ownership, FIG’s operations will remain largely unaffected. Randal Nardone is optimistic about this new relationship with SoftBank and believes it will only strengthen FIG. Specifically, he believes that this will allow FIG to grow at a faster rate and improve access to greater credit resources.

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