Randal Nardone is the Chief Executive Officer and a Director of Fortress Investment Group. He is also a co-founder of the firm. The company was created in 1998 as a startup private equity firm. In addition to his decades in the financial field, Randal is also an attorney.He was appointed as the CEO of Fortress in 2013. In his role, one of his job responsibilities has him as head of the Fortress Credit Corporation. He is also a principal of Fortress Investment Group. Randal Nardone is a graduate of the Boston University School of Law, at which he achieved his Doctor of Jurisprudence.
He also attended the University of Connecticut for his Bachelor of Arts degrer in both English and Biology.The company is one of the largest asset investment managers, handling the portfolios of over 1,750 worldwide investors. Randal Nardone and his crew work well together as is evident when reading the positive reviews that are written by the employees. They think Fortress is a great place to work for a number of reasons. The people are nice and friendly. The employees say that their coworkers are very helpful to them and to one another. Another frequent comment in the reviews is about how much they learn from the many intelligent people who work there.
It is a fast paced environment with long hours and good monetary rewards.Randal Nardone works out of the New York office. The company was founded in New York, and it maintains its headquarters there. Fortress Investment Group was sold in 2017. SoftBank Group Corp., a Japan-based company, purchased the US private equity company of Fortress. The transaction was an all cash deal and was closed for the amount of $3.3 billion. Randal Nardone held several positions prior to founding Fortress, including several years at UBS. He also was a partner at the Thacher Proffitt & Wood law firm in New York and several other prestigious positions
Kerrisdale Capital is a highly regarded investment management firm based out of New York City that is known in the financial industry for providing great value-oriented investment choices. The firm specializes in investing in the area of public securities. Kerrisdale Capital’s founder and Chief Investment Officer Sahm Adrangi is one of the most respected figures in the financial industry today. He founded the firm in 2009 and has been instrumental in building Kerrisdale into the powerhouse that it is today in the financial industry. Sahm Adrangi has become a name that investors trust in regard to his opinions on stocks. Recently Sahm offered his opinions regarding three company’s and did not hold back regarding the issues that he sees as apparent.
The first negative report published by Sahm Adrangi and Kerrisdale Capital was in regard to the company Proteostasis Therapeutics Inc. The company is a biopharmaceutical firm that is in its early stages of development. The new firm is deriving its market value in regard to a new drug that it is developing called PTI-428. The stock price for Proteostasis shot up 100%upon the new drug being granted the designation as a Breakthrough Therapy by the FDA. Kerrisdale Capital’s independent research has shown that the drug does not do what it claims to and the firm is, therefore, unable to put any faith in the current valuation of the company regarding its current stock value.
The second negative report put out by Sahm Adrangi is in regard to the St. Joe Company, a real estate firm that is currently working on the development of a property in Panama City Beach Florida. This is a project that has been ongoing for years now and still appears to be nowhere close to completion. The fact is that the lands that much of the property is situated on are swampy and remote and it is unclear how the St. Joe Company will be able to develop them into anything close to resembling the $1 billion mark that the firm’s current valuation sits at. Kerrisdale Capital has called in valuation into question and made it clear that it is not one that the firm has any faith in.
The third negative report file by Sahm Adrangi and Kerrisdale Capital is in regard to internet marketing firm QuinStreet Inc. Sahm has noted that the company has a shown very concerning behavior and that the company is generating capital at the expense of its clients and publishing false and misleading information regarding its value. Sahm and the team at Kerrisdale Capital are unable to back the company with their seal of approval.
The technology and investment specialist, Shervin Pishevar has been strangely silent in recent months for a man well-known for being forthcoming with his opinions. However, the early investor in Uber and former head of the Virgin Hyperloop One project returned to the Twittersphere with a vengeance when he embarked on a 21-hour outburst about a range of different economic and political subjects. Among the ground covered by Shervin Pishevar were his thoughts on the state of the U.S. economy, infrastructure projects, and the importance of cryptocurrency in the near future.
Cryptocurrency has been a subject close to the heart of Pishevar in recent times and his latest prediction showed his deep understanding of the history and future of the Bitcoin market. The current state of the Cryptocurrency markets is seen as an issue with a sudden crash already underway for Bitcoin; the crash will be followed by a market offering less volatility and a steady rise in value for the next 24 months.
The 50 Tweet marathon of messages included some scathing words for politicians in Washington D.C. by the member of the J. William Fullbright Foreign Scholarship Board who sees the failure to secure trade deals as a problem for the bonds market. During the barrage of Tweets, Pishevar predicted more than a 6,000-point drop in the U.S. markets would be followed by the Bond’s Market attempting to rebound quickly. A lack of new foreign trade deals as the U.S. ignores its traditional allies and trade partners would leave the Bond’s Market with few partners remaining to deal with.
Turning his attention to what Shervin Pishevar described as the crumbling infrastructure of the U.S., the friend and business partner of Elon Musk and Sir Richard Branson singled out the two entrepreneurs for praise. However, the Tweets of Shervin Pishevar then stated those working on infrastructure projects who ridiculed the work done by SpaceX and Virgin Hyperloop One were short-sighted about the work being done by a small group of hard-working professionals.
As the price of Bitcoin keeps dropping, many people are beginning to put stock into the grim predictions of entrepreneurShervin Pishevar. Over 2 days in early February, Shervin Pishevar took to Twitter to deliver his thoughts and opinions on the economy both in the United States and globally.
Delivered through 50 tweets, the 21-hour tweet storm left a lot of people shaking their heads. With predictions from the crash of bitcoin to the rise of China, there were a lot of concerning and controversial topics covered during Shervin Pishevar’s rant. The early investor in Uber has been correct in many of his predictions in the past so many aren’t taking what he’s saying lightly.
One of the huge concerns that were addressed in Shervin Pishevar’s Tweet storm is the problems with the infrastructure in the United States. For decades residents of the US have spoken about the crumbling infrastructure such as bridges and roads along with the problems in public transit that plague many cities. He brings up an example in China where they managed to build an entire train system in just 9 hours due to proper planning and execution. With efficient construction times like this, it’s difficult to understand why many of the US infrastructure projects tend to take months and sometimes even years to complete. While other global powers are focused on long-term goals, the United States and their businesses are stuck only focusing on the present and immediate future by only thinking in the short term.
He does later go on to explain that there are exceptions to the rules, but they are very rare. Shirven Pishevar brought up Elon Musk and the great success he has had with the Space X and Virgin Hyperloop programs.
Due to the US’ obsession with short-term prospects, projects on these scales are generally hard to get off the ground as many companies lack the willpower needed for them to succeed. To keep the US from crumbling in the future, action needs to be taken now.