The article published by Gazette Day discusses the big changes that Fortress Investment Group has gone through in their 2018 year as this is the year the investment group would go through big changes. Since its inception back in 1998, the Fortress Investment Group has been making waves within the market world and in 2018, the group still is with their integration within the SoftBank Group Corporation for $3.3 billion. For the past year, Fortress has overseen $40 billion in global assets which was managed by the founders of the Fortress Investment Group, Nardone, Edens, and Briger.
SoftBank itself has made their own name through financing and supporting the age of information which involves having a stake in ownership with the Sprint company as well as their stakes in Alibaba and Uber alongside a variety of other firms. They’re also know for their Vision Fund which provides financial backing for many innovative technologies backed by tech companies like Apple and Qualcomm. The article goes into extensive detail about SoftBank and the operations mentioned.
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The article goes into quite a lot concerning the merger. Subjects like Fortress Investment Group’s experience with real estate and how it’s already being well-integrated into SoftBank’s support. There’s also mention of topics like Fortress’ Patent Troll Fund, SoftBank’s iPass Partnership, SuperValu, and Tiffany & Co. Building along with a few others highlighting the separate successes of the two groups and shed some light on the successes that both could achieve together. Additionally, there is some mention of founder Wes Edens and his side experiences outside of his work for Fortress.
The point of the story being that the FIG is a successful organization that has been going through massive changes and gaining accomplishments and this grouping with SoftBank will add to their gains and achievements.