Randal Nardone went to the University of Connecticut where he studied English and Biology. After graduating with a Bachelors degree he studied law at Boston University where he received his JD in Law. He went on to practice law at the prestigious law firm, Thatcher, Proffit, and Wood. The experience he gained there took him to the financial entity, Blackrock, in 1998 where he was the in house lawyer.
Something about the financial industry must have intrigued him because he was inspired to create his financial firm only a year later with partners Wes Edens and Rob Kaufman. They called the new firm Fortress Investment Group (FIG). It was the mission of this business/hedge fund to invest in so-called alternative investments.
Randal Nardone’s strategy seems to have worked well. In 2007 FIG was the only hedge fund to be publicly listed on the NYSE. A decade later it would go private again due to being purchased by Japan’s Softbank. In the intermediate time, Randal Nardone would go from being COO of FIG to CEO in 2013. This was due to Randal’s success at managing FIG’s private equity side which invests in North America, Western Europe, and the Caribean. Click this link patch.com to read this article.
After the purchase by Softbank, Federal regulators prevented the purchaser from managing FIG’s funds directly, so Randal Nardone and his compatriots at FIG are staying in their positions as principles and leaders of the hedge fund. Currently, FIG manages 41.4 billion in worldwide assets. There are at least 1,750 institutional and individual investors. FIG employs 915 asset managers and 205 professional investors.
Randal Nardone has parlayed his success with FIG into directorships on several corporate boards. His latest directorship is with Eurocastle Investment Limited. As of 2017, Randal ranked as number 557 on the Forbes Billionaire list with about 1.5 billion in assets. Learn More: https://alfa-investing.com/randal-nardone