Diversity is the name of the game in any sound investment strategy, and no one knows that better than Wesley R. Edens. In addition to being a board member of numerous investment firms, Mr. Edens has been a principal and Chairman of the Management Committee of Fortress Investment Group since co-founding the company in 1998. Mr. Edens is responsible for the company's private equity and publicly traded alternative investment businesses. In that capacity, Mr. Edens has built a portfolio of private equity, hedge funds, real estate and railroad-related investments, and only recently abandoned plans to move into casinos and horse racing due to weakness in the economy and financial markets. Fortress was founded as a private equity firm in 1998 and went public in 2007. Under Mr. Edens' management, Fortress netted 39.7% in its first 8 years before going public in 2007, with pre-IPO equity of $17.5 billion. He is now a fixture on Forbes' list of the richest people in the world.
Diversity is the name of the game in any sound investment strategy, and no one knows that better than Wesley R. Edens. In addition to being a board member of numerous investment firms, Mr. Edens has been a principal and Chairman of the Management Committee of Fortress Investment Group since co-founding the company in 1998. Mr. Edens is responsible for the company's private equity and publicly traded alternative investment businesses. In that capacity, Mr. Edens has built a portfolio of private equity, hedge funds, real estate and railroad-related investments, and only recently abandoned plans to move into casinos and horse racing due to weakness in the economy and financial markets. Fortress was founded as a private equity firm in 1998 and went public in 2007. Under Mr. Edens' management, Fortress netted 39.7% in its first 8 years before going public in 2007, with pre-IPO equity of $17.5 billion. He is now a fixture on Forbes' list of the richest people in the world.