Jacob Gottlieb And His Pursuit Of A Career In Finance

Being a physician is one of the greatest symbols of success not just here in the United States, but across the world at large. Many people want to work in medicine because they want to help others, be trusted with personal information that people don’t even want to share with their doctors, earn tons of money, and be respected by their peers.

For these reasons, many people are drawn to working as a physician. By extension, countless people realize that their true passion isn’t working in medicine, though they’re often done with medical school by the time they experience these revelations.

Jacob Gottlieb was one of these people

After earning a medical degree at New York University, Jacob Gottlieb decided that working in the medical field simply wasn’t for him. He enjoyed helping people and being successful, but after going through a few-year-long residency at New York City’s St. Vincent’s Hospital, he decided to part ways with his lifelong dream of becoming a doctor.

Here’s what Mr. Gottlieb did

Jacob Gottlieb also liked finance. In middle school, he edged out his peers in a stock-picking contest. The son of a financial advisor and investment professional, Jacob knew that he wanted to work in medicine or finance.

Now that medicine was off the proverbial table, he decided to pursue finance. After dropping out of the residency at St. Vincent’s Hospital, he worked towards the sought-after designation of Certified Financial Analyst. He worked at a few investment firms until 2005, when he founded Visium, an investment organization of his own.

Gottlieb’s post-Visium career

In 2016, the US Securities and Exchange Commission found improprieties within the ranks of Visium. Although Gottlieb wasn’t involved, the company folded. With a strong desire to redeem himself, Jacob Gottlieb founded Altium Capital earlier this year.

Altium Capital, the Gottlieb-founded and -operated investment firm, invests almost exclusively in financial instruments related to the field of healthcare. With previous experience in the field, Gottlieb really knows what he’s doing.

So far this year, Altium Capital has invested in companies including Sellas Life Sciences and Oramed Pharmaceuticals.

Shervin Pishevar says irresponsible monetary policy could end in Venezuela-like catastrophe

In the world of tech finance, no name stands taller than that of Shervin Pishevar. The longtime venture capitalist and entrepreneur has been intimately involved with the creation of dozens of some of the most well-known brands in the tech industry. As the founder and president of Investment company, he has participated in the early financing of such tech giants as Uber, Airbnb and Virgin Hyperloop. He has also founded a number of successful startup firms by himself, notably, WebOS, Ionside and Social Gaming Network, to name just a few.

But Shervin Pishevar is perhaps best known throughout the nation as a whole for his frequent discourses on matters of national importance. Shervin Pishevar operates a Twitter account with more than 100,000 followers, including some of the most prominent minds in technology, finance and economics. His tweets are frequently retweeted, and a number of them have gone viral.

In a recent tweet storm, which lasted nearly a full day, Shervin Pishevar discussed a number of topics that he sees as being of immediate importance to the future of the U.S. economy. One of those topics is the likelihood of a Venezuela-style collapse being brought about by a combination of terrible monetary policy and a confluence of demographic trends, mixed in with a general decline in the overall social and human capital of the country.

Shervin Pishevar says that the Federal Reserve has already inflated a bubble that spans nearly every asset class. He says that when this bubble inevitably pops due to a massive contraction in credit, the Fed will frantically attempt to reflate it through more quantitative easing. This, says Pishevar, is likely to lead to hyperinflation.

At the same time, massive demographic shifts in the U.S. population have meant that the American workforce is slowly becoming less productive, less educated and generally less capable. Pishevar points out that while America floods itself with uneducated and, some would argue, uneducable third worlders, China suffers from no such defect. Inevitably, he believes that China will competitively crush the United States in every realm, dethroning the once-mighty hegemon and sending the country down among the sorry ranks of the so-called developing world.

http://nymag.com/selectall/2016/10/the-kink-in-elon-musks-hyperloop.html

Meet Randal Nardone: What You Should Know

Meet Randal Nardone: What You Should Know

Randal Nardone works as the Chief Executive Officer at Fortress Investment Group. He was promoted to this position in the year 2013. The firm was started in the year 1998 and Randal, a co-founder, became in charge of Fortress Credit Corporation. You know what? Fortress is an investment firm that manages liquid hedge funds, alternative assets in equity as well as credit funds. Randal Nardone has been one of the company’s management team since 1998. He became a director in 2006.

At Fortress, Randal serves in various capacities. He has held the office of the Interim Chief Executive Officer, Principal as well as the director of Investment Management Firm. He has used these privileges to implement, monitor, and also formulate strategies, which have much helped the firm. At the company, he has been dealing with legal as well as financial issues. He helps other managers and directors make decisions that most appropriate for the company.

On the list of billionaires, Forbes places Randal at position 557. He became a billionaire while working at Fortress Company. He owns about fifty-three million shares worth more than one billion U.S. dollars. He has many board memberships and works as the Principal as well as the Director of Fortress, Chairman and the president of the Springleaf Financial Holdings, a director at the Alea Group Holdings from the year 2007. He has worked extremely hard to enhance the lives of individuals from various backgrounds. He has also built international as well as domestic relationships such as Asia and the Middle East Expanding the firm to new horizons.

About Randal Nardone

Randal Nardone went to Boston University where he acquired a Doctor of Jurisprudence. He also attended Connecticut University where he specialized in Biology and English. He started working as a lawyer at a firm known as Thacher Proffitt & Wood. He also got a chance to work at the BlackRock Financial as well as at the Union Bank of Switzerland. Randal acquired most of his financial knowledge from Wes Edens while both were working at Fortress. He has been able to combine finance and law to provide good financial services to companies from different parts of the world. Meet Fortress Investment Group’s Ex-Billionaire Interim CEO

Wes Edens Leading Finance and Private Equity Expert in the United States

Wes Edens is the co-founder of Fortress Investment Group, which is one of the most prominent global investment managers today, based in the United States. The company has grown heaps and bounds in the past few years under the leadership of Wes Edens and other co-founders, who have primarily focused on diversifying their service portfolio to become a significant investment and assets manager for the clients.The range of services provided by Fortress Investment Group has helped many high net worth individuals as well as companies to assign them as a one-stop junction for all kinds of investments and financial management services. With the revenue of over a billion dollars annually and the net income crossing the $200 million, Fortress Investment Management is one of the biggest investment management firms of its kind. The company is also publicly traded, and at the time of its listing in NYSE, it was the only private equity firm to be listed on the country’s stock exchange.

Currently, Fortress Investment Group is managing close to 70 billion dollars in its credit funds, alternative assets, and liquid hedge funds.Wes Edens is known not only for being the co-founder of Fortress Investment Group, but also for being a successful businessman and owning an NBA team named Milwaukee Bucks. He is also the owner of the famous team named FlyQuest in the League of Legends sport. The career of Wes Edens has been extended and full of milestones, and he has had the opportunity to work for some of the finest financial corporations in the world, and along with some of the most profound senior financial experts.It is what helped him become such an expert in the field of private equity investment and management.

Academically as well, the qualifications of Wes speak for himself. He has done Bachelor of Science in Business Administration and Finance from the famous Oregon State University. After the completion of his studies, Wes went on to join Lehman Brothers in 1987, where he served at the position of Managing Director as well as Partner till 1993.The Wall Street Journal named Wes Edens as the new king of sub-prime lending due to the role that Wes played in buying the stakes at the Springleaf Financial Services. It helped Fortress Investment Group earn generous profits, and also helped the company to consolidate its position in the investment management sphere. Wes is also the chairman of the Nationstar Mortgage.

Fortress Investment Group Continues To Be A Clear Leader In Its Industry

Fortress Investment Group is one of the world’s largest alternative asset managers. It was founded in 1998 and began as a private equity firm. In today’s world, the company directs more than $43 billion in assets for more than 1,000 investors. It looks to help its’ investors to make money over the course of many years. The company currently is employing more than 900 people and is located in New York. Its leadership includes Randal Nardone, Peter Briger, and Wes Edens, and together, they focus on corporate acquisitions and mergers, operations management, investing based on assets, capital markets, and a whole lot more.

Over the last 20 years, Fortress Investment Group has worked to become an expert in the management of mergers and acquisitions. Its team members work with and have developed relations with professionals who are in management positions, corporate board members, and corporate stakeholders. The company is extremely experienced in working with capital markets and can secure financing through equity and debt markets. Its employee base is loaded with individuals who are well-versed in very specific sectors.

Randal Nardone helped to found Fortress Investment Group along with Wes Eden and Rob Kauffman. These original members of the team relied on the experience they brought with them from companies, such as, UBS, BlackRock Financial Management, Lehman Brothers, and Goldman Sachs. It was their goal to put together an alternative-asset strategy that accumulated private equity and invested it into modern day vehicles. They grew their original assets from $400 million to nearly $4 billion in just half a decade and quickly grew that into over $32 billion. In 1999, the original investment vehicle of the company was launched, which was called the Fortress Investment Fund I. This was a clear success and inspired the team at Fortress to continue.

Over the course of the first ten years that Fortress Investment Group was in business, the company managed to offer a spread of investment funds, and it was in 2002 that Michael Novogratz and Peter Briger joined the team. Just a few years later, the company acquired Intrawest as well as RailAmerica and Florida East Coast Industries. It also offered its stock with an IPO, which made it the first hedge fund in the United States to do so. This inspired others to follow its lead and made it a pioneer in its industry. Fortress Investment Group continues to find success today, and this can be attributed to excellent leadership who have the drive to succeed.

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Louis Chenevert of United Technologies

Louis Chenevert serves as the Chief Executive Officer of the United Technologies Corporation. He is also the chairman of the firm too. In the year 2008 April Louis, was voted as the CEO and the president of the organization. Additionally, he was elected as the Chairman of the firm in the year 2010 January.

Louis has also been in service as the Director of the corporation since 2006 March. Moreover, Chenevert was also in service in the Pratt and Whitney firm as the president from the year 1999 April to 2006 March. He enrolled in the Pritt and Whitney firm in the year 1993.

Louis Chenevert boasts of fourteen years of service in the General Motor’s Corporation as the Production General Manager before joining the Pritt and Whitney Corporation. Louis received his degree of Commerce from the University of Montreal. He also got his Honorary Doctorate from the same university.

Serving as the Chief Executive Officer in the various performing companies, he always received many ideologies that had particular rules. A Small number of clients need to be served by a small team. This would help to be able to get to know the specific needs of the customers and a way of providing a solution.

According to the entrepreneur, it is good to focus more on a lesser team together with your skilled team. A proper review of whether the critical objectives have been reached is paramount.

The rapid speed of change and the advancement in Technology excites the Duo much. The reason behind this is because it helps to hasten the momentum of the company.

Chenevert sited that as an entrepreneur, one needs to have individual characters like optimism, passion, incredible focus, an investor of time in pushing the agenda, providing all the required things to the central executives for proper results, and even disregarding internal politics.

As an entrepreneur, one should keenly be on the watch out on the internal politics. Moreover, a businessperson should work with a competent team to avoid frustrations. An entrepreneur should always appreciate and inspire his team and even please the clients.

A good entrepreneur should always think beyond the boundaries, eliminate the roadblocks in the business, have a persistent focus, and open-minded.

https://twitter.com/louis_chenevert

Peter Eden and His Contribution to the Investment Industry

Besides being a co-founder of Fortress Investment Group, Wes Edens is a businessman, investor, owns sports teams among other achievements. Before embarking on his career life, Wes attained a degree in finance and business administration at Oregon State University. All through his career, Wes has shown strong leadership skills and capability. It has played a significant role in getting Wes where he is today.Wes’ first job at Lehman Brothers was a leadership position. At Lehman, he was a partner and managing director. After serving here, Wes left Lehman and went to BlackRock Asset Investor. When Wes was at BlackRock, he also became a partner and managing director. By the time Wes was at Fortress Group, he was not just a partner or director. He was a co-founder, which was a vital step forward for him. Other principals at Fortress Group were Peter Briger, Randal Nardone, Robert Kauffman and Michael Edward.

Eden’s contribution to Fortress has been enormous. He formulated an investment strategy that caught the attention of The Wall Street Journal. Eden was a significant participant in making the company publicly traded and launching the initial public offering. In 2009, Eden was appointed the co-chair of the company and continued to serve diligently. Eden has also served as the chairman of Fortress Transportation and Infrastructure Investors LLC. vbThrough the leadership of Eden and other principals, Fortress managed to acquire Springleaf Financial Services. Through this purchase, Springleaf managed to increase its worth to $3.5 billion. This value was twenty-seven times more than the original value it had in 2010. Since Eden was at the forefront of all these achievements, The Wall Street Journal recognized Eden as a king of subprime lending.

Nationalstar Mortgage is also part of Eden’s accomplishments. After Fortress purchased it, Eden became the chairman. Every organization that Eden has participated has progressed. He believes that he must make a positive difference in every entity is serves. Wes Edens and Marc Lasry bought Milwaukee Bucks at $550 million. The team would remain in Wisconsin and Eden would build a new arena. It was to be a replacement for the BMO Harris Bradley Center. Apart from work, Eden has a happy personal life. He has a family of four children. He adores his wife and four children. Eden enjoys horse jumping and climbing mountains. To him, life is not just about working and achieving career success. Personal growth is an essential sphere too.

 

Softbank Acquires Fortress Investment Group

Softbank Group Corp acquired Fortress Investment Group LLC for $3.3billion in December 2017. The close of the deal meant that SBG and its subsidiaries became the owners of Fortress Shares. The deal was sealed after all the parties satisfied all the conditions that included transaction approval by Fortress Shareholders. By 12 of July 2017, the two companies had received the necessary regulatory approvals.

Following the acquisition, each of the Fortress Class A outstanding shares was converted into rights. Each right was entitled to earn cash $8.08/share. In the deal, it was agreed that the merger proceeds were to be distributed to the shareholders in accordance with the payment guidelines outlined in the incorporated merger agreement and Fortress’s Definitive Proxy which was dated June 7, 2017. It is now three months after the acquisition and Fortress Common Stock have been delisted from the NYSE. It means that this year’s Fortress financial results will be reflected in SBG’s financial records.

It is expected that Fortress will operate as an independent business but within Softbank. It will still be based in New York and its principals Wes Edens, Peter Briger and Randy Nardone are expected to continue providing leadership. Softbank has committed itself to maintain Fortress leadership, its processes, business model, culture and its personnel which have all supported Fortress Success.

About the Company

Before its sale, Fortress Investment Group LLC was a highly diversified firm with assets worth $36.1 billion. It was founded in 1998 and manages assets for about 1,750 institutional clients and other investors worldwide. The assets it manages ranges from real estates, equity investment to permanent capital. Fortress Investment has served as a global investment giant in the world for over 19 years and is a parent company for New Residential Investment that buys mortgage servicing rights. Earlier in 2017, the company bought CitMortgage’s servicing rights. Fortress owns substantial shares in National Mortgage which is now referred to as Cooper. It also owns over 70% of Nationstar

Following the acquisition, SoftBank now owns Fortress and has taken over its interests in their institutions. This is one of the major moves of the Japanese company in the U.S. economy. It should be remembered that Softbank has continued to increase its investment in the New York City. It has already invested over $450 million In Compass, another real estate company that is headquartered in the New York City. Also, Softbank contributed to the funding of SoFi one of the leading lending startup in San Francisco.

Employee’s Thoughts

According to one of the anonymous employees who has worked at Fortress for over 8 years, the company is run by smart and thoughtful managers. It operates in a fast-paced environment and its employees are well enumerated. Unfortunately, the company subjects most of the employees to many hours of work and operates in a high stress environment. Another employee who claimed to have worked for the company for more than a year claimed that the company has friendly people but its upward promotion path is quite unclear.

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