Wes Edens Helping Fortress Investment Group Grow Beyond What Was Expect from It

The primary aim of the investment management companies is to help clients find venues for investments that would generate returns, and help safeguard the funds for the long-term. The investment management companies are there to help the corporations to manage their finance as well as safeguard their investments. The market is filled with a variety of investment options, and it might not be possible for the companies and affluent individuals to do the financial analysis and predict market movements on their own. With the help of professional expertise and experience of investment managers, it becomes easier to reach the financial goals. One of the prominent investment management firms in the United States is Fortress Investment Group with over $70 billion in assets under management. The company has over 1,750 clients, and the count continues to increase with every passing day.

The force behind the success of Fortress Investment Group has been that of Wesley Edens, popularly known as Wes Edens. He is the current Chairman and was also one of the founders of the company. He has built the company from scratch, and it is because of his hard work that the company has managed to reach new heights. Wes Edens started his career in the financial industry back in 1987 when he joined the Lehman Brothers as its MD and was also a partner. But, later he quit the position in 1993 when he was offered a job at the BlackRock Asset Investment. It was while working at these first firms that he managed to develop his financial skills and learned everything he could about the industry. He achieved great success during this period but later quit to start his own company.

Wes Edens was the President of the company from 2009 till 2017 when he was asked to take on the responsibility of co-chief executive officer. Later, he was made the present Chairman of the company. He is also the CEO of the Newcastle Investment Holdings and the Eurocastle Investment. Apart from working towards the success of Fortress Investment Group, Wes Edens is also the owner of the Milwaukee Bucks Inc. recently; the Fortress Investment Group has launched their eSport brand with the name FlyQuest. Currently, it will have just one team, League of Legends that Wes had purchased in December 2017 last year for about $2.5 million from the company Cloud9. Wes Edens want to invest in other eSport avenues as well to expand its brand.

Leave a Reply

Your email address will not be published. Required fields are marked *