A Great Year for Fortress Investment Group with Its Broad Investment Portfolio Growing Bigger

2018 was a great year for Fortress Investment Group. It was a year of transition and expansion. The highlight of the asset management firm’s year is its acquisition by the most prominent financial conglomerate, the SoftBank Group Corporation, in the world for $3.3 billion. The purchase has opened more cutting-edge development opportunities in the world of real estate and private equity funds. Fortress Investment Group started in 1998 as an equity firm and grew to become a global financier and investor. It was the first fund to go public in 2007.

 Purchase by SoftBank

The take-private transaction came into a close in December, 2017. With over $40 billion inn global assets, the firm’s principles including Wes Edens, Randal Nardone, and Peter Briger helped to integrate the assets to SoftBank’s global strategies. SoftBank is a company that has a strong interest in tech start-ups and it has invested in numerous tech companies. Prior to the deal, Misra was hired by SoftBank in 2014 to head its Vision Fund making him to leave Fortress where he served as head of strategic finance. He is now the executive vice president of the Board of Directors of SoftBank. The SoftBank founder and CEO, Masayoshi Son, said that Fortress is a successful firm with an excellent track record. SoftBank will benefit from the firm’s broad-based expertise, leadership, as well as world-class investment platform. The Japanese company has now managed to incorporate an asset management firm into its holdings. The transition has been smooth with Fortress continuing to build its portfolio of senior housing, real estate, and infrastructure investments. Wes Edens was particularly excited for the opportunity to make the firm private.

Investing in high profile real estate

Under the new owner, Fortress has already started leveraging its interests and experience in the real estate to venture into high profile markets. It is now carrying out the $2.5 billion TSX Broadway development. It has partnered with L&L Holding Company as well as Maefield Development to back a mega-development in Times Square, New York that is going to be a kind of traditional hotel as well as entertainment project in the world’s most famous city that will also be a world-class retail space. Fortress Investment Group also bought Tifany & Co. building for $20 million. Fortress Investment Group also bought SuperValu distribution center located in Pompano Beach, Florida for $66.4 million. The alternative asset manager has continued to grow its broad portfolio of investments.

Sahm Adrangi Suspects QuinStreet is Faking Internet Traffic

In the world of businesses gain success and fail every single day. While most investors are devastated when their investment sinks, Sahm Adrangi sees dollar signs. This is because Sahm Adrangi does not typically invest in reliable companies, he invests in bad ones that are doing good temporarily due to dishonesty and just all around unenviable business practices. He does this through the complicated and risky process of short-selling. Short-selling stocks may come with a lot of risks and is generally not a short-term investment, but the payoff can be sizeable if the shares happen to go down in price. It works by borrowing stocks from a lender, selling them back right away, buying them back when the price goes down, and then returning them to the original lender. This is the process if everything goes according to plan, but if by chance the stock goes up, the buyer is forced to rebuy the stocks at a higher price and they lose money.

Sahm Adrangi has had a lot of experience in short-selling and has predicted the fall of several large companies with shady business practices. In the last few months, Kerrisdale Capital’s Sahm Adrangi took interest in the marketing company QuinStreet. QuinStreet’s marketing is done via online affiliates and they get revenue from their clients for all traffic directed to their site from them. After QuinStreet’s share price quadrupled, he decided to look into why and initiated research performed by Kerrisdale and their team of experts. The experts at Kerrisdale found that the increased revenue that prompted the rise in their stock price came mostly from just one of their customers. The rapid increase in traffic with no reasonable explanation or improvement in their marketing strategies leaves Sahm Adrangi suspicious that the majority of the traffic is generated by bots on the internet rather than real people. These bots are programmed to automatically click on links and fill out forms so companies can collect money for traffic that they did not actually generate.

https://www.benzinga.com/topic/sahm-adrangi