Many people have made landscape and massive impacts in the world of business but not many can be paralleled to the Co-founder, CEO, Director and Principal of Fortress Investment Group. The contribution of Rand Alan Nardone is globally recognized by every investor and celebrated for the success he has brought into the lives of many. Mr. Rand became the co-founder and Principal of Fortress in 1998 and its Chief Executive Officer in the August of the year 2013.Currently, he has a very busy schedule where he serves in different positions in diverse organizations and institutions. He serves in Fortress Credit Corporation as the Principal, in Ncs I LLC as its President, in Fortress Investment Fund 4 and 5 as the Co-founder. He serves as the President and consequently as the president at Springleaf Financial Holdings, LLC. He is the Vice President and also the Secretary at Newcastle Investment Holdings, LLC.
Since November 1999 Rand Nardone has served as the Principal, Chief Operating Officer, Chairman, Chief Executive Officer, and Vice-president of Fortress Registered Investment Trust.Prior to joining Fortress Investment Group, Mr. Rand served at RIC Coinvestment Fund LP as its Portfolio Manager, Chief Operating Officer, and Secretary. He has served as the Secretary of Drive Shack Inc. from 2002 to September 2016. He has served at IMPAC Commercial Holdings Inc. since 1999 as the Secretary and Chief Operating Officer. From 1997 to 1998, he served as the Managing Director in UBS. He has also served at BlackRock Financial Management where he was the Principal, besides; he served as a Partner at Thacher Profit & Wood. Rand Nardone has served as the Director of Alea Group Holdings Bermuda Ltd since 2007, Eurocastle Investment Limited since 2006, OneMain Holdings since 2010, and GAGFAH S.A till 2014. The list is endless and it’s quite amazing how a single person could be having so many responsibilities on him.Mr. Rand graduated from Boston University School of Law and he has also pursued Bachelor’s Degree in Arts in English and Biology at the University of Connecticut.
This formed a foundation and curved his career path. Currently, he is Board Member of more than 8 organizations and firms. In 2007, was one of the few billionaires who appeared in the list, in the Forbes’ Magazine called World’s Billionaires. By then he had a net worth of around $1.8 billion. He was part of the Fortress Five when the company issued their Initial Public Offer in 2007 which made him a billionaire.In Fortress Investment Group, Mr. Rand Nardone is tasked with overseeing that the company’s core competencies are enhanced which include industry knowledge, operations management, asset-based investment, capital markets and corporate mergers and acquisitions. The company is one of the leading and global investment managers globally with assets under its management of over $43.6 billion as per 2017. The cornerstone of Fortress has always been focusing on the Investment performance of their clients where they help them to come up with a lower level of risk returns on their investments.