The unprecedented Investment Performance by Fortress Investment Group

The growth of Fortress Investment Group in the recent years has been quite intriguing. This is because it has been barely two decades since the company was established, with a total capital base of less than $400 million. The company’s then assets under management then increased to $3.9 billion over the next five years due to some viable initiatives that were taken by its leaders. The source of capital for Fortress Investment Group at this time was solely private equity. This never worked as the founders had planned at the foundation stage because they expected that the private equity would raise enough funds that would be later invested in other cutting-edge investment vehicles that would generate sufficient cash flows for the company.

However, the renowned founders had not yet run out of ideas. Randal Nardone, Wes Edens, and Rob Kauffman went back on to the drawing board to figure out how they could improve on their investment project. The ultimate decision that they all settled for was to introduce other investment machines that would aid in the consolidation and harnessing of capital. However, the three lacked some expertise to manage the proposed additional asset strategies. That’s how they came up with the idea of bringing Peter Briger on board.

At that time, Briger was at his peak of popularity in the investment industry. He had been working for a long period at the Goldman Sachs Bank where he had acquired extensive knowledge on the management of real estate assets, hedge funds, credit funds, and distressed assets. His proficiency in these investment sectors made him the best candidate for the work needed at Fortress Investment Group. Briger joined Fortress in 2002 when he became a co-CEO, alongside Randal and Wes. He helped the company to manage the required new assets. Under Briger’s guidance, the hedge fund of Fortress Investment Group performed exceptionally, an aspect that made the company get recognized and acknowledged by the whole investment industry. Fortress Group also received a performance-based accolade from the industry where its hedge fund was named the best hedge fund of that year by the institution magazine, in 2010. Peter Briger was also named the best hedge fund manager in the same year.

Sahm Adrangi Becoming a Force to Reckon with In the Investment Sector

Sahm Adrangi Becoming a Force to Reckon with In the Investment Sector

Sahm Adrangi Becoming a Force to Reckon with In the Investment Sector

 

Sahm Adrangi is a reputed short seller and research publisher. He is also the founder and CEO of Kerrisdale Capital Management a New York based company. Kerrisdale Capital was founded in 2009 and it is a key advocate of soft activism investment strategy and tries to create catalysts by sharing investment ideas with the world. This has been possible thanks to Sahm experience in the investment sector and his education background.

 

Adrangi is a Bachelor of Arts in Economics degree holder from the Yale University. Before founding and managing Kerrisdale Capital Management, Adrangi worked at Longacre Fund Management as an investment analyst. He was in charge of investment analysis and research in the equity and credit fund division in the organization. He also worked at Chanin Capital Partners a bankruptcy restructuring group before joining Longacre Fund Management. Prior to joining Chanin Capital Partners, he helped Deutsche Bank structure and collect non-investment grade bank debt and controlled buy-out financings.

Sahm Adrangi Investment Activism

Adrangi has played great roles in enlightening investors not only in New York, but also in many parts of the world. He has been a speaker at numerous conferences and an investment activist. New York Times, Wall Street Journal and major publications have also featured Mr. Adrangi in their work. His role in value investing conference as well as Distressed Debt investing conferences has also been profound.

Adrangis activism in the investment sector has led to the now famous line “Sahm Adrangi Negative Report.” This is a short position common in short selling and research publishing that Adrangi has used to address numerous investment issues. He published a negative report explaining in short how he does not approve QuinStreet, Inc. despite its stock quadrupling recently. According to Kerrisdale, the company manager doubts the sustainability and quality of the QuinStreet firm arguing that it has benefited from bogus web traffic.

 

Other companies that Adrangi and his Kerrisdale Capital Management have published negative reports explaining his short outlook include The St.Joe Company and Proteostasis Therapeutics among others. This report and research is shared in Kerrisdale website, social media and investment related websites.

 

http://www.zerohedge.com/news/2017-05-09/kerrisdale-capital-reveals-latest-short-selling-target-will-it-be-next-straight-path