Joe Fagan

Former Soccer Star, Now Soccer Fan


September 23, 2018

How Fortress Investment Group Changed The Landscape Of Alternative Asset Management Industry

Fortress Investment Group is an alternative asset management company in New York. Founded in 1998, by the principals Randal Nardone, Wes Edens, and Rob Kauffman has turned this midsized private equity firm to a global asset management giant. Wes Edens is a US based businessman. They currently have 900 employees who work in accordance to the vision of the founders, thus managing around $43 billion worth of assets for 1,750 investors. The investment management firm is renowned for managing high returns with reduced risk-factors. Wes Edens played an important role in finding the Fortress company. The company invests in private equity, debt equity, and high-end vehicles.

Peter Briger is now one of the current principals after Rob Kauffmann left. The current principals believe in an asset-based investment approach that yields steady long-term income. The firm provides end-to-end services dealing with an asset which include its acquisition, handling, and financing. Their set of unique strategies are meant to generate returns from illiquid and distressed assets. They mostly handle assets in diverse domains such as high-end vehicles, real estate, etc. Since it was founded in 1998, they have maintained an excellent reputation when it came to acquiring, handling, pricing, and financing physical as well as financial assets.

Wes Edens lives in New York. Another expertise offered by the company is the efficient handling of mergers and acquisitions transactions. With over two decades of its existence, they have managed to bond with top management professionals, important board members, and the major stakeholders.

A few years back, Peter Briger and Michael Novogratz joined the company in the leadership and finance roles respectively. Since then, they have made tremendous contributions to the company and brought over many upgrades to the different asset management divisions. With years of experience at Goldman Sachs, they had an in-depth understanding of the domain they excelled in.

They became the fastest growing company in the alternative asset management industry, and the worth of assets they handled doubled up. Later in 2007, they took the bold step and became the first alternative asset management company to offer its shares with an IPO and were the topic of discussion for a while.

There came a point in time when Fortress Investment Group was ready to be sold. A Tokyo-based giant, SoftBank Corporation proposed exciting ideas to the principals of Fortress Group regarding how their strategies would help Fortress Investment Group double-up the current worth of assets they are handling.

They soon came to an agreement for $3.3 billion in the year 2017. There was a clause in the agreement which allowed Fortress Group to operate independently without any interference from SoftBank.

Currently, Fortress Investment Group LLC mainly focuses on Credit Division, Private Equity and their long-term interests in high-end cars.

 

September 13, 2018

The Man Who Arrested Known Writers Larkin and Lacey, Where Did He Go?

Joe Arpaio arrested Jim Larkin and Michael Lacey around 10 years ago from their homes in Phoenix, Arizona. Joe Arpaio arrested them for disclosing information about a jury investigation.

Jim Larkin and Michael Lacey wrote for Village Voice Media Newspaper and had published an article regarding a probe on the Newspaper itself when they wrote the piece; they were unaware that they were the one that was under investigation.

Joe Arpaio has been known for a few notorious arrests that were deemed unconstitutional. Joe Arpaio, however, no matter the times he was told through various cases that his law enforcement tactics were overly aggressive and legally not admissible.

Joe Arpaio has shown his law enforcement duties that majorly focused on immigrants and woman, showed that many of his cases did not have proper grounds for the arrest, due to insufficient evidence.

Joe Arpaio had a few too many cases arise with this same concern, and while it was allowed to continue, one case brought back a lawsuit to Joe Arpaio. The case was regarding Tent City, and how he racially profiled many Latinos and immigrant groups, ended up Joe Arpaio getting charged with violations. Learn more about Jim Larkin and Michael Lacey: http://frontpageconfidential.com/michael-lacey-jim-larkin-arpaio-frontera-fund-first-amendment/ and http://james-larkin.com/

Even after the lawsuit ended, Joe Arpaio, continued to do his law enforcement tactics against the same groups and pushed other workers in the law enforcement field to also continue. This is what ultimately caught the attention of reporters, Jim Larkin and Michael Lacey.

Jim Larkin and Michael Lacey started to blast Joe Arpaio for a variety of cases that he was involved in for the same racial profiling problem. Because of this, it led them to be arrested for writing about Joe Arpaio and his tactics. Read more: Jim Larkin | Crunchbase and Michael Lacey | Crunchbase

However, they did not stay in jail for long, and when they were released, they filed their own lawsuit against Joe Arpaio and the lawsuit was settled for$3.7 million.

Joe Arpaio caught the attention of many people and one person, in particular, Trump. Because of Joe Arpaio understanding and knowledge of politics, he was able to grab the attention of the Trump administration.

Joe Arpaio supported Trump and his campaign because there was the talk of his pardon, for the audience support that Joe Arpaio could bring to Trump and his campaign. Trump did later on state that Joe Arpaio was pardoned, but many believe it was only because of his following that this was allowed.

In conclusion, while the pardon was being considered, Jim Larkin and Michael Lacey started an organization that focused on the Latino community and their protection. They used their settlement money to endorse this organization to help those that have been involved with similar law enforcement acts of racial profiling.

Because of this fun, it has pushed against Joe Arpaio, allowing his goals and actions harder to complete. Since Trump has officially pardoned Joe Arpaio, there is talk about what the future may hole regarding both sides. However, many more people are aware that Joe Arpaio is the man he is, therefore, his support following is slowly decreasing with hopes of stopping him for good.