Wes Edens is a Principal, Founder and Co-Chairman of Fortress Investment Group’s Directors Board, a company that was founded in 1998. This is an alternative company of asset management worth $72 billion whose headquarters are in New York and has many offices around the world. At Fortress, he is in charge of its equity businesses that are private and mainly invests in real estate, transport and infrastructure, financial services, media and healthcare. In 1987 to 1993, he worked at Lehman Brothers’ as a partner and managing director. That was the start of his career life. He then left to BlackRock Financial Management as a partner and managing director. There, he was BlackRock Asset Investors’ head, a private fund of equity until 1997. He has a BS degree in finance from the State University of Oregon. He was ranked position 962 in the Forbes World Billionaires’ list in 2008.
In 2007, an article in the Wall Street Journal described Wes Edens’ style of investment as one whose base is creative financing, contrarian bets and skill for business building from investments. Fortress’ startup public offering had him together with his partners take the company public. It was on 9th February 2009 declared the first company to be publicly traded after having sold 8% shares to the public at $600 million. He also pushed Fortress into purchasing subprime lender from the financial services of Springleaf making it the majority stakeholder. He was then made its chairman. He is also Nationstar Mortgage chairman after it was acquired for $575 million by Fortress in 2006.
Wes Edens co-owns an NBA franchise by the name Milwaukee Bucks that operates from Milwaukee, Wisconsin. He also is the owner an eSports Team of the League of Legends team by the name FlyQuest that is one of the ten teams selected by North American LCS as permanent members.
Fortress Investment Group has over 2,500 employees working in their different locations and departments. Careers are advertised on their website for interested individuals to apply. Shortlisting is then done, and successful applicants are conducted for interviews. Reviews on the job experience at Fortress have been conducted by different employees. From these reviews, it is clear and factual that they give the best training to interns. One of the former interns said that the firm is rich in elite investment professionals who are excited to work with interns giving then the best training. If an intern is quick to learn and motivated he/she is given responsibilities that will help enhance their skills.
Fortress is a company that runs at a fast pace and in line with the current market trends for the best turnover. It offers its workers with challenges that result in the dedication and hard work. It also provides a broad knowledge of financial services to its employees. It offers good benefits, i.e. a good pay that goes in line with the kind of work that one does in the firm. The environment is friendly allowing for inspiration and growth. Co-workers are smart and thoughtful.
Wes Edens’s Facebook Page: www.facebook.com/public/Wes-Edens