Browse Category by International Business
International Business, Investment Group

Wes Edens The Role He Played for the Success of Fortress Investment Group

The problem with the financial markets these days is that they have gotten much harder to predict than ever before. The companies are spending millions on investment management to ensure their funds and investments are safe and can get them the returns they are hoping to get from it. The investments have to be made in a way that helps in getting the returns as expected in the long-run. The affluent individuals, as well as the multi-million and billion dollar enterprises, hire investment managers to take care of their finances in a well-planned and organized manner. The investment managers are well aware of the various investment options the market has to offer and which fund or the investment option would align with the end goals expected by the clients.

Among the many professionals out there, one name that you will continuously hear is that of Wes Edens, who is the Chairman and one of the founding members of the Fortress Investment Group. Wes Edens had completed his studies from the Oregon State University from where he passed with a bachelor’s degree in finance and business administration. Soon after his graduation, he received a lucrative job at the well-known investment company, Lehman Brothers. After being a partner and also MD at the company, he left the company in 1993 after having worked there for six years. He then joined Blackrock Asset Inc and worked there for four years. In the company, Wes Edens was one of the partners and also rose to the position of the Managing Director.

Wes Edens soon realized that all of his knowledge of the financial industry is in vain if he keeps on working for other investment firms. It was then he decided to start his own firm, and so in 1998, he along with four other partners began Fortress Investment Group. The private equity company soon became one of the most successful investment companies in the country. It was also the first American private equity firm to get its place on the New York Stock Exchange, something that was never done before. Wes Edens has recently invested in an eSport recently after he purchased one of the team, FlyQuest that would compete in the League of Legends. He is just one of the owners to own such a team as he believes that it is something exciting and would offer some significant returns in the coming years.