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Investment Guru/Investor

Randal Nardone: A Quick Glimpse Into Who He Is

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Randal Nardone is a self-made billionaire.It is pretty impressive when someone is able to become a self-made millionaire, but it is almost miraculous when a person makes it to billionaire status.Nardone made his fortune by investing.His current net worth of 1.8 billion dollars is attributed to the 50 million shares that he owns.A co-founder of Fortress Investment Group, Randal Nardone didn’t always have his own business.He and the other founders of Fortress Investment Group, Wes Edens and Rob Kauffman, were employed at other companies prior to beginning their own business.When the three men got together, they decided that they wanted a different kind of investing company. They wanted a business that offered an “alternative-asset” strategy.

They decided that this strategy would be the thing that set them apart from other investment companies; this strategy would be the one thing they offered that other companies didn’t; and this strategy would help their company to become a giant in the world of investing. Fortress Investment Group has been going strong for 20 years, but one of the company’s co-founders, Rob Kauffman, stepped down from his position to pursue personal interests.There are still three men in charge of the company, however, because Peter Briger has taken Kauffman’s place.

Although Briger was never an actual founder of Fortress Investment Group, he does have the title of President, along with Wes Edens and Randal Nardone.Randal Nardone did attend and graduate from college.He walked away from the University of Chicago with a B.A. in Science.Although he holds a Science degree, Randal Nardone’s passion continues to be for investing.Under his leadership, Fortress Investment Group’s team of nearly 1,000 employees works diligently to ensure that the company’s client base of nearly 1,700 investors receives the most bang for their buck.

Business Leaders

Venture Capital Taking On New Directions

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Like any business must do to ensure they stay afloat is to cut costs without hurting it. The business of venture capital is an industry that is currently doing so. The Seattle Times indicated that more and more, U.S. venture capitalists are turning to European startup businesses rather than invest money into those in the U.S. or Asia. This change is not reserved for small businesses but company giants such as Intel and the technology mega-firm Microsoft whom continuously searches for start-up firms focusing on games to software engineering. Their main reason for going overseas is that the costs are less, plus the European businesses will do what it takes to entice the U.S. to win capital and obviously, startups want to grow.

When it comes to cutting costs the proper way, Highland Capital Management knows all about boosting profits for investors from techniques such as this. The company has compared the growth of capital to a unique science. Partnering with experienced professionals also is essential. Another task that Highland handles like a fine piece of art is U.S. CLOs in the way of Assets Under Management or AUM. This giant firm has monitored a large percentage of CDOs (collateral debt obligations) and CLOs nearing an excess of $30 billion. Its main offices in Dallas, Texas, they also understand the value of choosing the best team members to benefit the firm and clients.

One outstanding “team member” is James Dondero who actually created Highland Capital Management with Mark Okada. The two gentlemen originally merged together on Protective Life Insurance Corporation which had an emphasis on fixed income markets which involves a particular investment to allow the provider and borrower to offer payments that are fixed according to a schedule. Jim also is known as a trendsetter among his peers, particularly since he popularized Collateralized Loan Obligations (CLO).

Jim received an education from the University of Virginia where he earned his accounting and finance BS degree. When he is not focusing on institutional commodities and investment methods, Jim is eager to lend his hand to various charities. Just one of these is an event that takes place in November that raises money and brings attention to men’s health. The Brain Performance Institute in Dallas is an organization that also interests Jim, which recently added a new facility to enable research.