Very few individuals are able to run a billion dollar investment management firm and this can be said of previous chief executive officer Dan Mudd who will be soon taking a leave of absence for investment management firm Fortress Investment Group. Dan Mudd is being sued as he is allegedly been giving pipe dreams to investors and informing clients of loans that were both risky and misleading as the Securities and Exchange Commission looks to join in with the FBI to investigate the business practices of the leaving CEO at Fortress Investment Group. However, some such as Randal Nardone have been able to now as the interim CEO with Fortress Investment Group, help the company gain trust of their clients and manage the approximate 43.6 billion dollar assets that are under management by Fortress Investment Group. He will continue to grow the company with his immediately take over.
Randal Nardone is not just some random investment manager, but has been named by Forbes magazine in the year 2007 as one of the world’s billionaires as he accumulated over 1.8 billion dollars in networth. Randal actually had joined fortress in 1998 as one of the investment firm’s co founders and principals who became a billionaire according to his hard work, investments, and after the company’s public offering. With their initial public offering or IPO in their early to year of 2007 it has helped him increase his wealth. He also served as one of the board of directors and Fortress Investment Group firm since 2006 as a member and has had many previous work experiences that would qualify him for this job.
Where working as the operating managing director for the company UBS as well as helping raise capital and gain clients for a banking giant known as Swiss and operated as a principal for the financial management firm know that BlackRock. Randal Nardone gained his expertise and education while working, but also from the University of Connecticut and later held his JD from the University of Boston from their School of Law. He worked for the law firm of Thatcher Proffitt & Wood. where he operated as a member, as a part of the executive committee, and as a partner of the firm, and he is now working hard to establish a new foundation for Fortress Investment Group as stock prices fell when the appearance of Dan Mudd activities and leave an absent. Randal Nardone will take the company to new heights.