Alternative investments have been termed as the future of finance by many pundits. The investment niche, however, is one of the most complex niches to navigate especially to a typical investor. Fortunately, companies such as Fortress Investment Group over the past two decades have changed the narrative to the potential investors willing to invest in alternative markets. Fortress, which is turning two decades of operations this year, is currently the most successful company in alternative investment.
What are the statistics that make Fortress the ideal investment management company? First, the customer base of this management company is diverse. It manages more than 1700 entities both companies and private investors. The diversity comes with a massive amount of assets value to manage. Currently, there is more than $41.4 billion worth of properties that the company is managing. Furthermore, the company apart from being a trendsetter in the USA market is in more than 17 different countries.
Contrasted to a majority of companies in investment niche, Fortress Investment Group has one of the most qualified management teams. Each principal of this company is an expert in a specific niche of alternative investment. For example, Wes Edens and Randy Nardone are in charge of the fast-growing Private Equity business. On the other hand, Pete Briger is exceptionally great in the Credit business. In addition, the three principals apart from being experts in the above areas of operation, they are products of the best universities in the world.
Fortress Investment Group has three major units of operations. Credit business, for example, has been in operation for the last 16 years. In the last sixteen years, Fortress through this unit has been not only successful in managing undervalued assets but also illiquid credit investments. This mode of management has made the company profile to shine in the investment market.
Besides, the company has been keen on managing and investing in private equities. With a four point’s agenda, the company has not only invested and managed investment is more risky areas but has succeeded. The four pillars of this unit of Fortress Investment Group include transport and infrastructure, financial services, health, and energy.
For details: www.fortress.com/about
Sahm Adrangi, age 36, is a famed short seller and the Chief Information Officer and Founder of Kerrisdale Capital Management LLC, located in New York City. He was born in Tehran, Iran but grew up in Vancouver, Canada. Sahm Adrangi graduated from Yale University in 2003 with a Bachelor of Arts in Economics. He founded Kerrisdale in 2009 which is a firm that focuses on long-term value investments and research. Prior to founding Kerrisdale, Adrangi worked at Longacre Fund Management LLC managing over $2 billion in distressed debt. Kerrisdale focuses on research to correct misunderstandings of “over-hyped shorts and underfollowed longs” in the stock market, specifically in the biotechnology, telecommunications and mining industries. After exposing fraudulent Chinese companies, Sahm Adrangi and Kerrisdale became well-known in investment banking. The fraud was found through Sahm Adrangi’s research and resulted in some of the companies being investigated by the SEC.
He has stated that being a short seller can be challenging, especially when the market is doing well as the potential for losing money is greater. However, he does state that the market has been favorable towards short activism for the past seven or eight years. Adrangi defines short activism has “those who short a stock and then go out and publicly debate its merits” by presenting their “investing thesis.” Short activists can then “leverage the credibility” that they have built “over the years to get the market to start looking” at their short thesis and discussing it. When asked about the near future of short sellers Adrangi states that the “appetite for short-seller hedge funds is strong,” due to the market going down recently leading investors to look out for more short sellers. Overall, Adrangi believes that the future for short sellers is forward-looking as many people are changing their views and theories on short sellers to be more positive.