Fortress Investment Group On A Global Journey With Softbank

Fortress Investment Group is a major investment company specializing in long-term investment. The company works on its investment in 3 company divisions that is the Credit, Permanent Capital vehicles as well as Private Equity.

FIG was established by Wes Edens, Rob Kauffman, and Randal Nardone. While Edens and Nardone remain with the company Rob Kauffman left in order to pursue his passion for car racing. Rob Kauffman established RK Motors Charlottesville and bought a stake in a car racing company that competes in NASCAR.

RK Motors Charlottesville is a company that focuses on the restoration of American high-performance vehicles. He has gone on to drive in the 24 Hours of Le Mans as well as the 24 Hours of Daytona races. Apart from these, he is co-owner of Chip Ganassi Racing. Even when Fortress Investment Group was acquired by Softbank both Wes Edens and Randal Nardone stayed on as co-principals along with Peter Briger who joined the firm in 2002. Peter Briger had earlier worked for 15 years at Goldman Sachs and had been successful.

Read more: A Force of Innovation: Two Decades of Fortress Investment Group

He brought his knack for investment and his success to Fortress Investment Group and was the one who spearheaded the creation of the company’s Credit Division which is in charge f funds like Fortress Secured Lending Fund, Drawbridge Real Assets Funds, Drawbridge Long Dated Value Funds among others. While at Goldman Sachs he had focused on Asia and this background played a key role in the acquisition of the company by Softbank.

Softbank paid $3.3 billion in the deal which the principals at Fortress Investment Group saw as a way for the company to become more global. Speaking on the acquisition they said that the move was the next logical step for the company in order to grow internationally. With the help of Softbank, they hoped that the company could identify opportunities and deal with challenges of the international market.

About Fortress Investment Group (FIG)

FIG is an investment company based in New York. It was established in 1998 and had an IPO in 2007. The firm manages assets valued at $43 billion for more than 1700 clients.

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Western Union and PSI Pay

Due to Western Union’s money-movement functionalities and ecoPayz’ platform integration, ecoAccount online holders can use Western Union’s global retail and digital network to transfer money from the UK. PSI Pay, the first UK-based online wallet Agent for Western Union, offers ecoPayz branded products. ecoPayz customers can use the Western Union mobile app or Western Union’s retail Agent network across 150 countries and territories. UK customers can now send domestic or international money transfers into banks from their ecoAccounts. This will help Western Union integrate into the modern digital financial ecosystem. Jonathon Amrani of PSI Pay Ltd., said the company was excited to work with Wester Union and reach more people through their network. The 2017 World Retail Banking Report said non-traditional firms’ services and products are used by almost one-third of banking customers worldwide.

Western Union has 550,000 retail Agent locations in over 200 countries. It moved more than $300 billion in principal in almost 130 currencies in 2017. For every second of the day, they process 32 transactions. Western Union helps move money, connect businesses, family, and friends to promote economic growth.

PSI Pay is one of Mastercard Worldwide and Visa’s Principal Issuing Members. They issue debit, prepaid, and virtual payment cards. Bitcoin and other currencies have effected the way people make payments, but there is some confusion about the differences between cryptocurrency and e-money. Cryptocurrencies are not centrally regulated, while e-money depends on government regulation. The value of bitcoin is determined by supply and demand in the system, while e-money is determined by the exchange of fiat currency in the electronic form. Psi Pay is regulated and authorized by the UK Financial Conduct Authority, and it offers alternative payment solutions to companies. It offers secure and convenient payment services to businesses and individuals worldwide. They pride themselves on transparency, efficiency, and clarity. Psi-Pay members can deposit and withdraw funds from the local banking network in 44 currencies across 173 countries. Phil Davies, the managing director of Psi Pay, says he is keen to cross match technology solutions with effective and intelligent security and risk management tools that provide everyone with a safer environment.

Peter Briger: Dedicating time and money to supporting young Entrepreneurs.

When Peter Briger heard that Princeton would start a fund to support Entrepreneurs he was among the first to contribute to the cause. In fact, Briger was among the first three who saw the fund become a reality. He had attended Princeton and graduated with a B.A as part of the class of 86 and had always appreciated what the University had to offer. Peter Briger considered one of the most influential business personalities in America is also one of the most successful Alumni of Princeton University. He began working for Goldman Sachs almost immediately after completing his degree before he attended the Wharton School of Business to study for his MBA. His credentials would help him move up the corporate ladder, and by 1996 he was a partner at Goldman Sachs.

This would help propel him into another point of his career when he joined Fortress Invest Group. This is the organization where he has been able to achieve really huge career success in an organization that currently oversees more than forty billion dollars in assets. His rise to the top has not been easy, and as such he understands the journey that aspiring Entrepreneurs have to go through to get to the top of the food chain. By investing in a fund that helps young entrepreneurs at startup level, Peter Briger was investing not only in individuals but in what would become potentially life-changing concepts.

The fund uses a panel of judges to sieve through a number of proposals to establish the most promising ones.The chosen proposals are then awarded a hundred thousand dollars in seed money as well as advice from experienced entrepreneurs to help them get through the unforgiving world of entrepreneurship. This contribution is in line with Princeton’s dream of growing entrepreneurs and making it a trend within the university. Already the fund has been able to achieve some level of success with the initial four awardees doing well in the industry. Peter Briger, on the other hand, continues to achieve career excellence as he was recently appointed Co-CEO of Fortress Investment group helping him become more influential as he is already Co-Chairman of the Board.


Talos Energy Angles for the Mexican ZAMA-1

Talos Energy is an oil and gas exploration company based out of Houston Texas. The company specializes in offshore exploration and production. It has long-standing experience in the field of oil exploration. Talos Energy has many examples of projects it highlights as great successes on its performance profile. The company has amassed a large team of experts and collected expertise that has enabled it to employ state-of-the-art techniques in exploring deepwater resources in the Mexican Gulf.

Competition Catches Up with Oil and Gas Companies

Competition is rife in the energy sector. The low prices of oil, the ever-increasing competition between companies and the use of nationalized oil and gas exploration outfit have pushed the business prospects in the sector to the edge. Many company heads are scratching their heads trying to figure out how they will increase production and grow stronger into the future. There is always a notion of hitting it big and producing hundreds of thousands of barrels of oil. Thus, many companies bid for exploration contracts. The activities of the companies have also caused the flow of oil from the ocean bottom to the fuel reservoirs spread across the dry land.

PEMEX Discovery

PEMEX discovered an oil reserve near Sureste Basin, off the coast of Mexico. Many companies are rushing to be granted drilling rights. PEMEX is one of the major players in the oil and gas exploration in Mexico. The well has been named ZAMA-1. It is estimated that it is an interval exceeding a thousand feet. The well is estimated to carry large volumes of oil and gas reserves and may extend all the way to where there is a PEMEX-operated block in the neighborhood. Major offshore exploration companies have expressed their interest to perform drilling activity for appraisal purposes; which is scheduled to begin towards the end of the year. Some of the companies on the list include Talos Energy, Premier Oil, and Sierra Oil & Gas. PEMEX has on its part indicated that it will run the appraisal using a licensed well. A host of vendors have also forwarded their engineering designs for the pre-front-end, and have created a study scope that could help in the planning of the appraisal.

Oxford Club of The Agora, gives investment adivce

The Oxford Club is an exclusive, international, and private network of elite and truthful entrepreneurs and investors with its primary mission being fostering the financial, wellness, and educational growth of its members while protecting their wealth. The Oxford Club, as an independent global economic organization, has more than 150,000 members in over 100 countries globally, adding to their affiliated clubhouses in the host countries. Among the many privileges the club members enjoy, one includes numerous investment opportunities, thanks to its indomitable research prowess since 1989 when it was founded. The investment philosophy of the Oxford Club, as well as the ability to convey new investment ideas to the members, has passed the time test, with almost three decades of successfully delivering their mission through all market conditions.
One of the founders of the Oxford Club, who is also the founder of Agora Inc., William Bonner, helped in steering the club’s mission and vision, which was formerly known as the Passport Club when it was founded in 1989. The founders’ core vision was creating a privately-controlled financial club that brought together investors with a common interest in identifying and pursuing unique opportunities on a global scale. The investors also agree that the most lucrative investment opportunities are found via personal connections as opposed to the mainstream press.

The analysts at the Oxford Club use asset-allocated and market-neutral strategies of investment at different levels of risk in the assessment of opportunities with lower risk portfolios but offering the highest gains. The information is relayed to the investors on a monthly basis mainly through the Oxford Club’s educational arm, Investment U as well as their Wealthy Retirement program in the form of published educational advisories and premium research services. Additionally, club members receive information-sharing opportunities through regional seminars, global financial tours, and online exchanges. Members of the Oxford Club are also eligible for The Oxford Communiqué which is a newsletter often ranked as a top performing portfolio in the country.

Brad Reifler: Founder And CEO Of Successful Financial Companies

Brad Reifler is the CEO and founder of Forefront Capital. He is known for trying to help investors – especially new investors – learn the ropes. He warns investors on common pitfalls to avoid while arming them with sound investment principles. Reifler freely shares his wisdom on investing. The average person can take his advice and become successful at investing. For example, he urges investors to refrain from putting all their money in the stock market. Middle class investors have limited options for investing since they are not accredited by the government, and Brad simply wants to help them out.

Non-accredited investors are the main focus of Brad Reifler’s attention. The investment world has apparently overlooked these potential investors as not being intelligent enough to participate. However, the SEC has started to realize that people are smarter about investing these days. This may result in the abolishment of certain 30 year old rules about net worth requirements. Through Forefront Capital, Brad works to reduce investor fears brought on by the 2008 financial crisis. He believes that average investors can see a relatively small investment increase substantially over time. Better investment options coupled with sound advice can provide compound returns for all investors.

Brad Reifler earned his bachelor’s degree in Economics and Political Science from Bowdoin College. After graduation, he founded Reifler Trading Corporation, his first company, in 1982. The company’s specialty was global derivatives. They became so successful that Refco, Inc. ended up buying the company in 2000. Refco is a prominent futures company, and from 1995 until 2000 Brad was the manager of Refco’s Institutional Sales Desk. His duties included overseeing the sales of global derivatives. Reifler became a star trader while at Refco. In 1992, Reifler founded another company, Reifler Capital Management which focused on strategies for foreign exchange trading.

Over the years, Reifler started several new companies. In 1995 he founded Pali Capital Inc. where he took on the job of Senior Managing Director. He also served as Pali’s Chief Executive Officer from 1995 to 2008. He also founded Forefront Capital where he served as CEO. The company built several subsidiary businesses such as Forefront Partners and Forefront Advisory. Reifler also founded Forefront Capital Markets Management, LLC where he has been CEO since 2009. He serves as director and sits on the advisory boards of a number of financial companies, such as Symmetry Property Development, LLC and ITG Market Research Inc. He also serves as a Trustee of the Millbrook School.