Wes Edens has been a critical figure at Fortress Investment Group since its inception in 1998. His visionary leadership coupled with his excellent eye for investment opportunities have propelled Fortress to greater heights during his time there.
The fortress was founded in 1998 by Wes Edens and two other principals, and they have been responsible for its growth across the years. He has been at the epicenter of the milestones witnessed by the hedge fund throughout its life. Wes Edens and the other principals were vital when Fortress became the pioneer hedge fund to be traded at NYSE in 2007.
Wes Edens eye for investment has been vital to the growth of the assets management company. Wes met with the other principals in 1998, and they together decided to start Fortress.
Initially, the company was a small firm but thanks to their leadership and vision, FIG now manages assets for about 1,800 clients with an estimated value of over $43 billion. Had it not been for the ability of Wes to recognize investment opportunities back then, FIG would not be existent let alone as prosperous as it is now.
Fortress has 5 main divisions. These are institutional research, capital markets, assets management, operations management and acquisitions and mergers division.
The company’s performance has not gone unnoticed. The diligent efforts by Wes and his colleagues have seen them gain accolades like in 2014; the company received HFMWeek’s “Management Firm of the Year.” Similarly, the company received Institutional Investor Magazine’s ” Credit-Focused Fund of the Year” in both 2011 and 2010.
Wes Edens’ eye for investment opportunities made him invest in Brightline which is a pioneer private passenger train system. The commuter service had made it possible for residents of Florida to traverse the surrounding as it is not only affordable but it also saves them a significant amount of time.
The service has enjoyed unmatched success such that he has plans for expansion to other cities.
Edens has been a respected figure in the assets management industry, and his eye for opportunities for investment have played a key role in earning him his reputation. His ventures like Brightline and founding FIG have been crucial to his success.