Businessman, Financial Expert

Peter Briger’s Career Journey before Getting to Fortress Investment Group

Princeton University was the first college that Peter Briger attended before joining the University of Pennsylvania where he later graduated with a master degree. In both institutions, Briger was pursuing his dream of becoming a business manager by doing a discipline in Business Administration. He passed very well and left a legacy in both institutions. However, of the two universities, Peter Briger was more attached to Princeton University than the University of Pennsylvania where he was at the Wharton School of Business. Due to this reason, Peter has been following all the events organized by the institution, most of which are meant for the alumni of Princeton and he has continued to participate in them. Recently, Briger was made the chairperson of the Association of Princeton University’s Alumni, an honor that demonstrated that he was recognized as a legend in the school. For more information about him click here.

After leaving the Wharton School of Business, Briger immediately got employed at the Goldman Sachs, one of the most recognized financial and investment institutions in the region during that moment. He was mandated to execute the operations that were directed to him by the head of the department, as a junior officer in the company. With time, the management noted that Peter Briger had some decision-making skills that not many individuals in the organization possessed. He was promoted to the position of head of portfolio management in the organization. This was the position that equipped Briger to become the excellent investment manager that he is today at Fortress Investment Group.

As the portfolio manager, Peter Briger was responsible for making the significant decisions on how and where to invest the funds of the bank’ investors. He was also mandated with the responsibility to decide which asset strategies in which the company would place their investments. This was a role that he managed with a lot of expertise, and the senior management of the company was impressed. In 1999, the managing director of Goldman Sachs retired and so Briger was left as the only option to replace the retiree, according to the preferences of the shareholders. Peter Briger served in this position until in 2002 when he transferred to Fortress Investment Group.

Visit his website: http://petebriger.com/

Businessman, Financial Expert

Randal Nardone and his work at Fortress Investment Group

For any company to be successful and make profits, it must have sound managers who are capable of making solid decisions that place the institution on a path of success and profitability. This is the case at Fortress Investment Group with Wes Edens, Peter Briger and Randal Nardone providing concrete leadership at the firm. Randal Nardone is especially an important Principal at Fortress, who is in charge of Legal and Finance affairs of the firm. Together with Wes Edens, Nardone runs the Private Equity Division of Fortress. This division is tasked with overseeing the income output of the firm’s investments in Europe, the Caribbean, and North America. This is while Peter Briger runs the credit division.

Fortress Investment Group was a child project of Randal Nardone, Wes, and Rob Kauffman. After Nardone left UBS as the managing director, he was quick to identify an opportunity in the finance sector. Leaving nothing to chance, Randal went all in, tugging along Wes and Kauffman, and that saw the birth of Fortress Investment Group. For Randal, this was a vision he always had in mind, during his career at different companies including BlackRock Financial Management and Thacher Proffitt & Wood law firm. As a trained and seasoned lawyer, he was always looking for the best angle and platform to integrate finance and law. Lucky for him, his vision actualized when he co-founded Fortress.

Randal put a lot of energy and passion into Fortress, and that was rewarded in 2007 when the company went public. This made Randal, Peter Briger and Wes Edens billionaires during the initial IPO.

Nardone ranks #557 on the Forbes list of billionaires with a net worth of $1.8 billion. If you summarize, Randal’s decision to form Fortress as a billion dollar decision, Randal nods in complete agreement. However, that was just the first foot to an insanely fruitful career for Randal Nardone. A decade later in 2017, SoftBank would buy Fortress at $3.3 billion. The Japanese firm purchased Fortress shares at $8.08 per share. Given that the shares were trading at $5.83 per share, the acquisition made Fortress investors, Randal, Peter Briger and Wes Edens massive profits. Randal has hailed the deal, as a significant move, that will influence the profitability of Fortress on the higher scale.

https://www.crunchbase.com/person/peter-briger

Business, Businessman, CEO, Company, Entrepreneur

Sahm Adrangi: A Strategic and Brilliant Trader

Sahm Adrangi is one of the most successful traders in the country today. He currently works at the company that he established – the Kerrisdale Capital Management. He serves as the chief operating officer of the company, and he has been doing a lot of hard work that contributes to the company’s success. Through the years of operating in the field of trading and business, Sahm Adrangi managed to get a lot of clients who are impressed with how he manages the assets entrusted to him. He is known for transforming millions worth of assets into billions overnight, and at a young age, he reached an important milestone in his life which made him popular especially with the people who are in the financial sector.

One of the most recent news regarding Sahm Adrangi and his company was the approval of a $100 million worth of shares that he will be using to invest in a company that is yet to be unveiled. Many people raised their eyebrows to the idea proposed by the young trader, saying that he will be investing a huge amount of money into a risky company, hoping that it would pay off. In the end, the investors who have given him $100 million were satisfied with the result of the investment. He was able to increase the investment provided by his clients, and they earned a double or multiple profits. This stunt made him a more credible representative of the financial sector, drawing in more people who wanted to earn more.

 

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Kase Learning Shorting Conference back in May #shortselling

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Recently, the Kerrisdale Capital Management has been releasing company names which are deemed to be untrustworthy. According to Sahm Adrangi, his company has been releasing reports ever since it was established, helping them guide their clients where they should be putting their money into. Kerrisdale Capital Management wanted their clients to earn a profit, and not to lose their money, which is why they are careful in partnering with businesses that can crash and fail. They are also releasing false reports regarding financial projects that are including the company’s name. Sahm Adrangi stated that the company would never engage in such acts that could destroy their relationship with their business partners.

https://thehedgefundjournal.com/sahm-adrangi/

Businessman

Daniel Taub Warned the World about Iran’s Nuclear Development Plan

Daniel Taub is a former Israeli ambassador to the United Kingdom. He served this post from 2011 – 2015. Currently, Mr. Taub is an international lawyer.

He also writes reports about the Middle East for various newspapers. Back in 2012, the Iranian government made some dangerous and very bold statements against the Israeli people. The nation had threatened to wipe Israel from the face of the Earth.

The Iranian government not only made this terrible prediction they were trying to back it up with their nuclear development plan. In other words, one of the reasons for this country to have nuclear weapons, was to eliminate Israel from the Middle East. Learn more about Daniel Taub: http://www.independent.co.uk/news/world/middle-east/iran-will-still-make-a-nuclear-bomb-israel-s-ambassador-to-the-uk-daniel-taub-argues-the-geneva-deal-8965373.html and https://www.theguardian.com/commentisfree/2012/may/08/boycott-israelis-tuc-bigotry

The Israeli people do not take threats lightly. For them it is a matter of life and death when an Islamic country says that they want to wipe them out of existence.

The Israeli people and their allies began to take action against Iran for their remarks. More importantly, they had taken the necessary steps to show Iran that they better think twice about attacking the small Israeli country. These happened during Daniel Taub’s time as ambassador.

Starting in 2012, many nations who were allies with Israel imposed sanctions against Iran and their nuclear development plan.

However, Daniel Taub did not believe that the sanctions would deter the Iranians from continuing their program. He was right. The Iranians continue to develop their nuclear program to this very day.

The Iranians nuclear development program began many years ago in the 1950s. It was put into motion by the United States. It was a part of the ATOMS of Peace Program that was popular in those days. Read more: Daniel Taub | Wikipedia and Daniel Taub | LinkedIn

The program remained in place for nearly three decades without a problem. However, the Iranian revolution took place in 1979.

After the last Shah of Iran was removed from power, the international community cut off the Iranian nuclear program. By the 1990s the Russians had helped Iran to revive their nuclear agenda.

Daniel Taub wanted the world to know that Iran has no intention of stopping their nuclear arms development. He realized that the Iranians have too many reasons for not stopping this program.

While he is no longer an Israeli ambassador, he still has a firm grasp about what is going on with this issue and how it impacts the Middle East. Hopefully, a workable resolution will be reached to resolve this issue.