One great approach that Randal Nardone and the other co-founders of Fortress Investment Group used to make the company a trailblazer in the industry was to establish a conducive working environment for the employees. This was done by ensuring that the company allows the staff members enough latitude to participate in the decision-making process and other matters that concern the organization. This provided that at all times, the employees felt that the company valued them and their views were considered by the expert management team.
The other important strategy that Randal Nardone implemented, which has helped Fortress Investment Group to remain competitive is by incorporating technology to the operations of the organization. A significant number of companies have remained skeptical about the new technology with the view that it does not help an organization as people have been alluding.
The move would stand as one of the most strategic decisions that the company has ever implemented. The company’s stocks were oversubscribed, which means that the company had to split some shares so that it could ensure that any person who applied for the stocks of the company was able to get some units of ownership. The funds that the organization received were used in helping entity to establish itself as the market leader. Randal Nardone continues to implement some critical policies that have led to the expansion of the entity beyond measure.
Randal Nardone continues to demonstrate skills and expertise in managing Fortress Investment Group, an organization he managed to start back in in 1998. The idea behind starting the organization was to ensure that all the members of the public who needed significant support in the financial industry get it from the company. The company was started at a period when other organizations were not offering quality and reliable services to needy customers.
However, incorporation of advanced technology helped the firm to complete tasks within a short time hence making it even possible to handle significant number of functions in a single day. Randal Nardone also made it possible for the company to be much more accurate in its operations while at the same time ensuring that it is effective.
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Talos Energy, LLC has recently announced that it will merge with the Stone Energy Corporation. The privately held Talos and the publicly traded Stone Energy Corporation revealed that their board of directors approved of the merger of Talos Energy with the public corporation Stone Energy through an all-stock transaction. The newly merged company will bear the name of Talos Energy, Inc. We expect that the newly merged company will soon have stock on the New York Stock Exchange. The ticker symbol of TALO will be used for trading.
Talos Energy primarily focuses on oil and gas exploration in the United States part of the Gulf of Mexico and also off the coast of Mexico. Talos has experience in exploring locations, acquiring assets, and exploiting and developing deepwater assets. The Stone Energy Corporation is based in Lafayette, Louisiana, and deals in oil and natural gas exploration. It is clear that the merger of these two companies will be a significant benefit to them in their exploration of oil gas and the natural gas and in acquiring production properties in the Gulf of Mexico basin.
Timothy Duncan, the Chief Executive Officer for Talos, has stated that the merging of Talos and Stone is an important step forward to becoming a leading company in the field of offshore exploration and production. The newly merged company will focus on the deepwater exploration in the U.S section of the Gulf of Mexico and the Zama discovery. The Zama oil discovery is located in the shallow waters in the Sureste Basin. The combination of technical resources with educated and experienced employees will help to accelerate new project inventories rapidly. The transaction is essential for both companies as their combined resources will lead to more success in the exploration of oil and gas. Once the merger is complete Talos stakeholders will end up owners of sixty-three percent of the merged company and Stone stakeholders will own thirty-seven percent.
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Getting the right group of employees is paramount to run a successful business. Employers are fighting to get talented people in their organizations. Some have to undertake tedious processes to get the “one.”GoBuyside, an executive search firm based in New York is making life easier for both employers and employees. The company managed to create a system that helps employers get the talents they need to run their operations. The firm has closely monitored various job trends within the top financial industry to help form a system of identifying talent and abilities.
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Unlike in the 90s, job applicants have become so many making it very difficult for employers to go through each application. Due to large numbers of an applicant applying employers might miss unique talent during the vetting stage. Gobuyside decided to become the bridge between the two parties and create a system that simplifies the hiring process in the financial. GoBuyside has created a system that collects applicant information from all platforms including social media like Facebook, Twitter, and LinkedIn. The Information from the received data is then put together to create a list depending on the employer’s preferences. With this new system, applicants do not have the luxury of leaving out information that does not favor them. By providing necessary information, employers are easily able to make a choice when it comes to two applicants with the same skills.
GoBuyside system prevents employers from settling for mediocre applicants just because they lack adequate time to go through all the applications. The search is not limited to local applicants but is modified to search for persons all around the globe that meet the qualifications specified by the employer. This means that an employer might be connected to an individual living in different state, country or even continent. GoBuyside system also helps applicants to know where best to send their application. It helps them pursue opportunities that require their talents and abilities.
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I have been reading the French Tribune for years. I always love their content and even more, their commitment to giving accurate and fair stories. A recent story led me to a company that I’ve never heard of, Equities First Holdings. The French Tribune had this to say about the company. Equities First Holdings is on pace to being one of Europe’s leading stock-based lenders.
When I read that I had to find out what “stock-based” lending was and who Equities First Holdings were. Come to find out, Equities First Holdings has been doing business since 2002 and is known for their innovative solutions. Stock-based lending is when the lender allows you to use your publicly traded stock as a security for a loan. This has been growing in popularity thanks to Equities First Holdings. They have been at the forefront of stock-based lending.
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Alex Hern has been the co-founder and director of over 10 companies within his 25-year career. He shares portions of his life that have allowed him to be productive and successful when it comes to working with early start-up companies in technology. He is a firm believer when it comes to backing those you believe in. In one example he shares that he gave his daughter $100 to start a business. She took that money and started her own dog walking business which has a good plan and he was extremely proud of. Those his days are typically busy, Hern has a piece of uses of software or web servers that often help him stay productive. Surprisingly, it’s his company’s own software called TsunamiXR. It is designed to be the next level of collaboration between engineers and scientists working on one platform.
To gather his creativity, Hern uses the night time to collect thought and brainstorm ways to improve upon current business. To him, focus is the key to longevity in any business as it will ultimately bring about success. He also shares that it’s no secret that companies are going to have ups and downs and this could be due to macroeconomic conditions. These situations are always out of a business’s control and you must prepare for the worst, Hern states. The book that Hern loves and often shares with his readers is called The One Thing, which he believes would definitely help many understand on how to use power of focus.
Here are a few key learning tips that he often shares:
Never be afraid to fail or make mistakes. This can be a part of the learning process.
Don’t regret any mistakes and take the time to learn from your failures
Have a long-term view in mind when making decisions
Set aside 4-5 hours each day without distractions to work on goals.
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The work to erect Fortress Investment group was not a one-person effort but the fruits of teamwork, therefore, Randal Nardone and his colleagues both Wes Edens and Rob Kauffman worked jointly to make it a success in 1998. It was situated in New York City, and its headquarters happened to be in the same place as its primary being to manage Investment. Also, it has been listed in the stock market exchange of New York City hence becoming the first private equity company to be publicly traded.
The founders of Fortress Investment Group had worked previously in several firms before executing the role to bring an asset management firm to an existence. Some of those firms include; BlackRock Financial Holdings where Wes Eden was a partner, UBS where Randal Nardone worked as the managing director and Rob Kauffman was an experienced and informed businessman. Therefore, these varied experiences utilization saw it rise into real estate investments, hedge funds and debt securities, and all this under the stewardship of Michael Novogratz. Michael decided to join Fortress was a mega boost to its leadership because he came along with the experience he acquired while he formerly worked in Goldman Sachs’ as a partner.
From 1999 until 2006, it was approximated that Fortress Investment Group’s private equity funds increased to around 39.7 percent. Its excellent image and excellent reputation made it recognized and honored globally and also, being awarded on several occasions. In 2014, it became the Hedge Fund Manager of the year as named by Institutional Investors while HFMWeek gave it the honor to call it the Year’s Best Management Firm. Around the same time, it employed Jeff Feig who previously worked at Citigroup where he was the head of the Global Foreign Exchange. In Fortress, he was made the co-CIO of its Macro Fund.
Finally, Birmingham Business Journal which was dated October 2014 took the opportunity to clear the rumors that were speculating in the market. It confirmed that Fortress Investment Group had indeed bought Inverness Corners that was a retail center. Despite Fortress trading public, it has also taken several portfolio companies public such as selling RailAmerica Inc. via an open offer, Aircastle Ltd, and Brookdale Senior Living Inc. The art of Acquisition was introduced into the organization by Peter Briger after joining the team in 2002. Since Fortress Investment Group made its first acquisition transaction in 2006, it has maintained a great rate of growth to date.
Duncan is the Chief Executive Officer of Talos Energy which has been operational since 2012. He formed this company with a capital of $600 million through equity funding from Riverstone and Apollo. The firm made a purchase of the Phoenix land and other assets that cost $620 million in 2013. It is a precisely oil and gas survey and production company which sells its merchandise to the Gulf of Mexico. In addition, the organization can be able to extract the assets in deep waters using improved and advanced seismic technologies. The company is managed by a supervising team, which has a lot of experience in exploration and production of the products.
Duncan has been complaining about the 2.5 billion mergers of his own company with Store Energy Company. It has been trading publicly and is said to be bankrupt by the reports. The acquisition of the Store Energy was a great play since the customers will head to the firm thinking it’s a public unit while it is a private company. If the merger agreement goes on, Talos Energy will highly benefit from the contract and Duncan is eagerly waiting for the processes to speed up. Furthermore, he will have the entire list of Store energy and also have yearly revenue of $900 million.
The Talos Energy is investing more on the wells in U.S waters and Mexico. Since most of the entire assets are in the Gulf of Mexico, it becomes easier and protective to risk the resources and development in that area. A drilling tool costs hundreds of millions which makes it a huge investment to rely on and the risk involved is beyond doubt. The new firm can yield 48000 barrels on a day-to-day basis while it is not enough since it has not reached the target set.
Talos Energy propels 16000 barrels daily from Phoenix which brings a variety of environmental issues in the area. It was able to evaluate the data, ensuring it to create other discoveries at 3000 deeper than the other reservoirs. Talos Energy sold two of its great oil companies like Phoenix Exploration and Gryphon Exploration.
Read More : www.indeed.com/cmp/Talos-Energy