When a company acquires another company for slightly above three billion dollars and threatens to stop an international event like the 2010 winter Olympic games then that company must be really big. This is the story of Fortress Investment group that hit headlines on the 9th of February, 2007 when it became the first in a league of private equity firm to be publicly traded in the New York Stock Exchange.

Fortress Investment Group better known as FIG among the investment circles boosts of a seventy billion dollars portfolio. This portfolio ranges from alternative assets, liquid hedge funds, credit funds and even in the railroad industry. FIG has its hands in investment management and in the assets management in the traditional sense. This portfolio has seen the company rise to a worth of slightly above three and half billion dollars.

The investment group was founded around 20 years ago in 1998 by three investment gurus. The three men included; Randal A.Nardone who is the current CEO, Wesley R. Edens, and Rob Kauffman. The three men have led the group into a path of success that it was named the Hedge fund of the year in 2014 by Institutional Investors. Fortress Investment Group has since added Peter L. Briger into the hierarchy acting as the principal and co-chairman of the board.

The acquisition of Fortress Investment Group by Softbank Group for a tune of 3.3 billion dollars means that the bank has acquired total control of the group. The deal gives Softbank group the control of assets and portfolios of over 1750 organizations, real estate, together with private equity and account receivables owned previously by Fortress Group. The agreement between the two firms is that the investment group will remain independent but under the umbrella of the bank. SoftBank Group Completes Acquisition of Fortress Investment Group

Softbank group has also acquired all the subsidiaries of Fortress Investment which include Newcastle Investment Corporation, New Senior Investment Group among others. This acquisition will also mean that the bank will acquire the British Columbia ski that caused quite a stir in the 2010 winter Olympics held in Vancouver. Fortress pays $66M for SuperValu distribution center in Pompano Beach

Fortress Investment was at the center of headlines when it came it to the limelight that it owned one of the skies that were to be used in the winter Olympic games.

Fortress Olympic is the whale of the investment ocean and the acquisition by Softbank group is just another chapter in the success story of the investment group. Hidden Fortress: Behind SoftBank’s $3.3B buy of the asset manager

Wes Edens is the 369 billionaire on the world list. He is the Chairman and Co-Founder of Fortress Investment Group along with Peter Briger, Robert Kauffman, Randal Nardone and Michael Edward.He Co-founded Fortress Investment firm in the year 1998. The proceeds went to the five principals including Wes Edens making them top billionaires. In the year 2009, he was chosen to be the Board of Directors of the company. He helped the company to move to a better level in business by working hard and putting in more efforts to ensure that the company remains stable and injecting more resources to meet the company’s expectations.

Wes Edens was the Transportation and Infrastructure investor for two years since May 2015. He is behind the catalyst at Fortress for buying subprime lender Springleaf Financial Services making Fortress the Springleaf’s majority stakeholders.The $124 million investment plan yielded a hooping $3.5billion for Fortress. He served as CEO and President at Capstead Mortgage Corp in the year 2000 to 22nd July 2003. He also worked as a chairman of Florida East Coast Railway Corp from December 2007 to 30th June 207.Before he joined Fortress Firm, he was employed and became the Managing Director of BlackRock Financial Management for four years since 1993. He was also a Managing Director for Lehman Brothers Company between 1987 and 1993.

Fortress employees feel that the Fortress Company is the right place to work.The company always reward, motivates, recognizes hard work and dedication of its employees. In addition, it helps the employees gain more exposure, improve their working skills, and broaden employees’ knowledge base in financial service.Wes Edens is also the owner of the fly Quest team that is already actively participating in the Legends team in North America League Championship Series. It is one of the top performing team in the League. According to BizJournals, his take-home pay is $54.4 million per year.

Matt Badiali, an editor at Banyan Hill Publishing, writes a few financial newsletters designed to help people invest their money. A number of his latest articles have been about “Freedom Checks”. He started off by releasing a video about these where he held up a big check showing the type of monthly returns one could earn from this investment. He says that the average Freedom Check exceeds a regular social security payment by three or even four times. Visit kennedyaccounts.com to know more about Freedom Checks.

These checks were created by Statute 26-F, he has written. The checks they issue are tax-free but the company issuing them has to meet two requirements. The first requirement is that 90% of their revenue has to come from oil and gas. This involves producing these natural resources, processing, storing them, and/or transporting them. The second requirement is that the entity behind the Freedom Check has to pay out to their shareholders these checks each year.

Statue 26-F was passed by Congress in 1987. There are now 568 firms which meet the requirements to issue a Freedom Check. Matt Badiali says he came across this statute when he was doing some research. The common term for the businesses that issue Freedom Checks is Master Limited Partnerships (MLP). By law they have to pay 90% of their revenue to their shareholders which can add up to a lot of money. They pay out either once a month or once a quarter. The IRS treats these payments as a return of capital so people receiving these checks don’t have to pay income taxes on what they receive. Watch this video at Youtube.

Matt Badiali says that buying MLP shares isn’t really any different than buying stocks or bonds. Also, like if you own a stock that pays dividends, you can choose to have the checks either sent to you by mail or have it deposited into your brokerage account. He adds that some people receive upwards of $50,000 a month but those are people who have invested a lot of money. Most people can expect returns that are around 2-3 times what they would be earning if they invested conservatively.

In his financial newsletters he explains more about Freedom Checks and which companies are the most lucrative to invest money in. He gives a hint that one of these companies is headquartered in Chicago, Illinois and will soon be paying $28 million to their investors in just one month.

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