Wes Edens is one of the five principles that brought their minds together into establishing Fortress Investment group in 1998. Together, these partners saw the investment idea blossom into one of the leading alternative investment companies in North America today. Most importantly, they saw it become one of the earliest private equity firms to go public. Notably, the company had already issued close to 8 percent of the company shares to the public in 2009. His contribution towards the advancement of the company has since seen him earn the position of Chairman and Chief Executive Officer of the company.
Edens role at Fortress group
The financial and investment expert currently heads fortress group’s private investment division. He has also previously led the company’s transportation and infrastructure investors department. Wes Edens was also instrumental in the Fortress Groups recent 15 percent acquisition by a Japanese company Nomura Holdings. The acquisition prompted a reshuffle in management that saw the successful entrepreneur land the position of the Co-chair board of directors.
Wes Edens’s leadership and entrepreneurial skills as well as his devotion to his brainchild, Fortress investment group came to test during the 2007/8 economic depression. During this time the Fortress group share value dropped below the one-dollar mark. Edens, however, chose to stick with it and his devotion to the company has since paid seeing that the groups share value has since then soared to record highs.
Edens’ investment diversification plan
Right from the start, Wes Edens knew better than rely on a single investment vehicle. The experienced investment trader has diversified his interests to span different industries with a particular interest in the NBA and E-ports. In 2014, Wes purchased the NBA team, Milwaukee Bucks, for $550 million with the hope of further strengthening its influence in the city and standings on the NBA list. To this end, Wes committed to building a new modern Arena for the team to replace their BMO Harris Bradley Center.
Most recently Wes ventured into e-Sports with the launch of the FlyQuest team in an attempt to share in the spoils of this highly profitable and rapidly growing venture. Forbes reckons that the e-Sports team isn’t just shifting from computers to mobile devices, the publication believes that this industry will soon to holding outdoor competitions in stadiums. FlyQuest’s team has since assembled a team to compete in the North American League of Legends Competition after gaining a permanent position within the competitions.