Randal Nardone is the Co-Founder, Principal and Director at Fortress Investment Group, a leading alternative asset manager in the world. He has been highly successful in his investment endeavors to feature in Forbes list of billionaires. He was part of the asset management firm when it went public making it the first hedge fund to go public in 2007. As at 2016, the firm managed approximately $70.2 billion in assets. Mr. Nardone was listed in Forbes’ magazine’s “World’s Billionaires” list with a net worth of about $1.8 billion in 2007. He joined Fortress Investment Group in 1998 when the firm started as an equity firm. He ascended to the position after the firm’s initial public offering in 2007 as part of the “Fortress Five”.
In addition to his professional roles at Fortress, he is also a member of the firm’s board of directors and he has served in the position since 2006. Randal Nardone gained valuable experience working at UBS as a managing director. Prior to joining UBS, he served as a principal at BlackRock Financial Management. He also served at Thacher Proffitt& Wood as a partner as well as member of the executive committee. Randal Nardone went to the University of Connecticut where he graduated with his undergraduate degree in science. He also graduated with a J.D. from the prestigious Boston University School of Law. The visionary leader in the world of asset management held various leadership roles in multiple subsidiaries of Fortress including FMA LLC, Eurocastle Investment, Impac Commercial Holdings, FM Falstaff Advisors, Florida East Coast Railway, Seacastle, Springleaf REIT, and Newcastle Investment Holdings.
Under his leadership and other executive leaders, Fortress Investment Group grew rapidly to manage more than $43 billion of assets on behalf of more than 1750 investors in permanent capital vehicles, private equity, and private equity. He serves at the company alongside Peter Briger and Wes Edens. Randal Nardone has served in the financial industry for decades establishing efficient allocation of capital to profitable developments across the world. He recognizes the point that when capital flows efficiently and quickly, it drives global developments to higher heights of success. Fortress Investment Group was recently acquired by SoftBank.