Wes Edens: How He and Fortress Investment Group Rose to Prominence

When it comes to American businessmen and investors, Wes Edens is certainly a name that stands out. One of Fortress Investment Group’s original co-founders of 1998, Mr. Edens also spends time with Srpingleaf Financial Services and Nationstar Mortgage, two lending companies that is a chairman of. Edens holds a B.S. in Finance and Business Administration, which he earned in 1984 after studying at Oregon State University.

The Milwaukee Bucks have thrived under the ownership of Edens, the purchase of which thrust his name into the spotlight. Besides just basketball, there are other games which have drawn the interest of Wes Edens. ESports, for example, is an industry in which Edens has certainly made his mark. FlyQuest, his League of Legends team, has been putting up strong performances on high-profile events. Edens, however didn’t stop at just eSports and basketball. He recently invested in a soccer team from the U.K. Aston Villa is a team that has a very real chance of getting to play in the Premier League, making it likely that this will be another successful investment in the sporting world for Wes Edens.

Before Fortress Investment Group existed, and before Edens was a billionaire, he began his career without any notoriety at Lehman Brothers, at which he was the managing director. After six years here, he left and began working a new position at a company known as Blackrock Asset Investors. His work here began in 1993 an ended in 1997. In addition to the Aston Villa investment, a more recent pursuit of Wes Edens and the Fortress Investment Group organization is Brightline. Brightline’s trains offer service will likely change the transportation game in places like Florida, where its very first routes are. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club

Given his history with investing in sports teams and rail companies instead of stocks, it is clear that Wes Edens is no ordinary investor. Naturally, his results are far form ordinary as well, and this positive trajectory will likely continue for Edens throughout the rest of his career.

Full link : https://www.bizjournals.com/newyork/potmsearch/detail/submission/6455155/Wes_Edens

SoftBank Surprised Investors by Acquiring Fortress Investment Group

SoftBank, a tech giant based out of Japan, recently acquired Fortress Investment Group for an estimated $3.3 billion. On December 27, 2017, the deal was officially completed after it had been in process for quite a long time before that. While SoftBank may own the company, Fortress Investment Group will still remain an independent business and keep its New York headquarters.

The reasoning behind SoftBank acquiring the Fortress Investment Group is their desire to move into private equity firm and away from debt financing. With Fortress’ extensive knowledge and experience in the area, they will be a valuable tool to help them complete the process. Prior to the purchase of Fortress Investment Group SoftBank had primarily been in the business of purchasing various tech startups.

Both companies involved have interesting backstories and long histories of success. While SoftBank originally sold PC software wholesale their business changed when they became they became a major investor in Yahoo!. They continued to evolve and hold shares in hundreds of internet-based companies. With their acquisition of Fortress, it is clear that they are changing their business strategy and moving in a new direction again. Fortress Investment Group has more than 2 decades of financial industry experience after being founded in 1998 by Wes Edens and Randy Nardone. They currently operate on behalf of at least 1,750 clients by managing around $40 billion in assets.

There are many different reasons why SoftBank is allowing Fortress to operate so independently despite the large acquisition price tag, many of these have to do with the laws involving international deals. In order for the Committee on Foreign Investments to allow the deal to go through SoftBank had to promise not to have much interference with how Fortress managed their assets in the United States. SoftBank agreed to these terms and also paid a premium to their shareholders of $8.08 per share. The acquisition of Fortress was not the only transaction that SoftBank has made recently. They also transferred their shares of UK’s Arm Holdings to their investment fund. In addition their acquisition of Boston Dynamics had to be completed before the Fortress transaction was allowed.

Mike Bagguley Takes On A Challenge

Mike Bagguley serves as Chief Operating Officer of Barclays, an investment bank based in London, England, well known as a giant in the banking industry. He has been in the position since June of 2016. As Mike Bagguley took over the role, Barclays was in the middle of some major changes, as the bank was overhauling and streamlining operations. Reducing staff and leaving former business partnerships was part of the strategy to help the bank adapt to regulation increases and investor decreases. Bagguley was thought to be the man for the job and was given the challenge to accelerate the process of improving profits and cutting costs. He also had the additional responsibilities of aligning infrastructure, coordinating major projects, and joining the executive committee.

The job ahead was not an easy one, but fortunately, Bagguley had been a part of the Barclay team for fourteen years before he became COO, and therefore knew well the objectives the bank hoped to achieve. Before being appointed to the position, Bagguley had served as the head of the company’s macro products division, which includes interest rates, and foreign exchange products. He gained useful knowledge and experience in that time as he successfully negotiated trades and executed deals. Bagguley was already familiar with downsizing, as the macro business had undergone the same size reduction and reshaping efforts, due to the effects of tougher regulations and falling trading revenues. The turnaround was a slow process, but the division had started to see success under Mike Bagguley’s direction, with revenues rising.

On the Crunchbase profile for Mike Bagguley, viewers can learn additional information about Bagguley. For example, his full name is listed as Michael Roy Andrew Bagguley. He graduated from the University of Warwick, in 1988, with a B.S. in Mathematics. For further information on Bagguley, there are also links to his LinkedIn and Twitter accounts.

https://www.investmentbank.barclays.com/news/10-years-of-partnership-with-donmar.html

Is Aloha Construction the Real Deal in Home Improvement

To simply get straight to the matter at hand, Lake Zurich, Illinois, is the home to one of Illinois’ best general-contracting companies. If you’re not from around this neck of the woods, then keep reading. Aloha Construction is the quintessential general contractor of the 21st century, and there’s no doubt about it. You are looking at a company that has only been around for a decade, but it has completed over 20,000 home-remodel projects. Yes, this statement is 100 percent accurate. On top of that, the company just completed its very first multi-million dollar remodel. This spectacular home can be found in North Barrington, Illinois.

With huge success comes huge growth. Aloha Construction has gone Hollywood in a sense. This just means that the company has stepped-up its game for 2018. The company has just introduced a new series of national commercials. These commercials are very high-quality, are professional and are intuitive. Networks such as ESPN, Discovery, The Learning Channel and The History Channel have all displayed the commercials to a larger audience. This promotion will certainly introduce Aloha Construction to a much larger crowd, which will potentially bring in more customers. The specialists here are highly trained in a vast list of home-remodel services. The company also consists of bonded roofers and licensed siding contractors. Vinyl siding is very popular across the US, and many of this general contractor’s specialists have been thoroughly educated at the Vinyl Sinding Institute.

Thanks to its top-of-the-line services, its wonderful leadership, and its high-quality ethics, the Better Business Bureau has honored Aloha Construction with the Torch Award in 2017. This award goes to a company that displays all of the above and then some. The Torch Award couldn’t have gone to a better general contractor in this specific class.

https://www.crunchbase.com/organization/aloha-construction-2

Shervin Pishevar’s Tweet Storm And Its Economic Impact

Shervin Pishevar has come out of hiding to hit the world with 21 tweets in a day-long storm of messages. The founder of Sherpa Capital and early investor of Uber has some very negative things to say about the economy. And this comes after an abrupt resignation from his post atop Sherpa Capital.

He was forced to resign from Sherpa Capital due to sexual harassment allegations. He continues to say that these allegations are false. He explains that former enemies are out to get him and that he had to resign from Sherpa Capital in order to shield his favorite company from the fight.

The world has not heard from Shervin Pishevar ever since. Now he’s being hard to ignore as he spews dire warnings about the future of the economy.

His tweets see an economy that is about to permanently stagnate because underemployment and even unemployment will become ingrained in the system. He calls this underemployment “systemic” and it will have negative consequences on the stock market.

This tweet storm also predicts the crash of the stock market in the very near future. He believes the stock market will plummet an astounding 6,000 points to crash the entire economy. He points to the unpredictability coming out of the White House these days. Trump’s trade wars are only making investors skittish and it will end badly, according to Shervin Pishevar.

The former head of Sherpa Capital continued on his rant. He believes the upcoming trade wars will make it impossible for the bond market to carry the economy. It will slowly fail to rally along with the equities market so long as trade fluctuates. Essentially, it will not stabilize until the White House stabilizes.

He even aimed his tweets at Silicon Valley. He believes the community of tech companies is bound to fail because they have become complacent and have put limits on entrepreneurship. He believes the spirit that founded the valley has leaked out all over the world and is no longer set within geographical limits. That pioneering spirit is a movement and not a place, according to Shervin Pishevar.

https://blog.taskrabbit.com/tag/shervin-pishevar/

Successes of Dr Mark McKenna

Dr. Mark McKenna has always made unexpected turns when it comes to his career. He started as a medical doctor before turning into the field of entrepreneurship. After operating many businesses, he decided to venture back into his now lifetime career, as a medical practitioner and surgeon. He studied medicine at Tulane Medical School and while he was still a student, Dr. Mark McKenna was still passionate about venturing into business. He conducted various businesses while still at school and later, he launched the McKenna Venture Investments.

Due to his passion for the field of entrepreneurship, the renowned medical practitioner also ventured into mortgage investment before he later moved to Atlanta. Dr. Mark McKenna then became the founder and CEO of the OVME Cosmetics, which is a health firm that is entirely dedicated to offering a customer based aesthetic and cosmetic services. Through the firm, he has successfully helped many people acquire their desired looks by conducting surgery and performing beauty enhancement operations on them.

Dr. Mark McKenna has also focused on the use of the modern technology to carry out his medical operations. He is ranked a, on the best medical practitioners in the country and as a result, a vast number of people seek his services.

His firm provides a broad range of cosmetic services including minimally invasive techniques, which are suitable for both men and women. Dr Mark McKenna has acquired an excellent reputation for the high-end services he offers to his clients. He has brought a revolution in the medical sector by providing reliable medical services to his patients.

Through the online platform that he introduced to his patients, he has enabled a vast number of them to receive fast services through their mobile phones and computers without having to travel long distances. His dedication towards helping his patients achieve their goals has seen him attract a vast number of them to his firm, particularly those interested in enhancing their looks. His ability to relate well with his clients has also been perceived to be one of the primary reasons behind hos today’s many successes in his field of specialization.

https://ideamensch.com/mark-mckenna/

Discover The Benefits Of Stream Energy

Why Customers Are Choosing Stream?

When is the last time you’ve given yourself an energy health check? The popular, Stream Energy network is prepared to come in your home or residence and help you create an energy savings model that can help you save. They’ve been proudly established since 1993. Stream is located in Dallas, Texas, and gladly serves their local area residents. More customers have become a part of their nationwide services including New Jersey. They’ve worked hard to provide low and moderate income communities with sustainable energy. Learn how you can register for a Stream account online.

Stream Business News

Stream was one of the first energy providers to respond to Puerto Rico, after they were ravished by hurricane Maria. Millions of families went weeks without power. However, Stream was glad to step in and restore energy to thousands of residential and business customers. Their team of executives said; Stream was able to lend a generous amount of time and resources. Many famines were able to began to rebuild their lives and save on their utilities. Customers have began to choose their Stream as a reliable network. Visit Stream and save more on your energy bills.

Stream Energy Programs

Are you paying higher than normal energy cost? Do you regret getting your energy bills out the mailbox each month? The Stream Energy network is committed to filling their customers need to save on their energy bills. Discover a popular energy model that has been able to help thousands of nationwide customers save. Their most popular program has been the Green Energy program. Their GE Program combines clean air with savings. Don’t pay ridiculous energy bills during extreme winter or summer temperatures. Global warming causes your energy to burn more to keep your home or business tempered.

Visit the Stream website to learn more about their referral program. Earn an extra income by referring your friends and family. Stream has many energy programs that will help you reduce your monthly energy bills. Stream Energy understand how moderate and low income households can benefit from sustainable energy.

https://www.crunchbase.com/organization/stream-energy

Technological Revolution Brought to the Credit Sector by GreenSky Credit

GreenSky Credit has been one of the most instrumental organizations that are trying to bring revolution to the finance sector by embracing technology. With the help of the company’s CEO, Mr. Zalik David, Greensky has been able to establish strong relationships with the financial institutions that lend money to the customers in need hence building a mutual relationship. The deal between these institutions of financial lending and GreenSky Credit is that they should be able to harness customers to borrow money from them. Then, GreenSky comes in to provide the funds to the customers on behalf of the credit firms, but of course at a fee that is charged in the form of commission on the outstanding loan balance of the borrowers.

To smoothen the process of borrowing for the customers and their lenders, GreenSky Credit has designed an online portal which the borrowers can log in and communicate with their creditors. On the same portal, the loan application process is initiated by the borrower by filling in their details and submitting them for approval. After the approval by the financial institutions, GreenSky is granted the green light to credit the clients’ bank accounts with the requested funds. The whole process takes less than 48 hours. The beauty of this platform is that the loan application process has become a walk in the park for the borrowers. Instead of the bulky forms that the customers filled in the past, they are only required to sit with their phones in their houses and complete their loan application. The long time of the approval process has also been alleviated by this platform.

All this has been the initiative of David Zalik, who has been on the front-line to ensure that credit customers are no longer exploited or mishandled by the creditors who had become rogue in their service delivery. By the establishment of GreenSky Credit, a lot of challenges that were facing both the borrowers and the lenders have been addressed, and most of them solved. For instance, many are times when the small creditors could not afford to give credit to customers who required huge amounts of credit. As a result of the emergence of GreenSky, these firms can access funds to give to their customers in need, at a small fee.

http://www.cisneyremodeling.com/financing-options-from-greensky-credit.html

Keep An Eye On QuinStreet

When dealing with the stock market, it is relatively easy to be lulled into a false sense of security. If invested in a particular company, you might be inclined to only look at the bottom line results. You would not be alone in doing this, for many people, this is common practice. However Sahm Adrangi of Kerrisdale Capital is not many people, and he has recently taken QuinStreet.com, a data mining middleman for advertising sites, to town.

Sahm Adrangi is trying to point out to potential and current investors that this company’s current success is illegitimate. Sahm Adrangi points out how QuinStreet’s main customer has been a fake website for the past couple months. This website essentially scams people into clicking ads that promise to pay them, a desperate attempt to increase traffic.

Sahm Adrangi does not stop there either. He notes how that the problem with QuinStreet, and has been for years, is that their technology and entire business model is clunky. This has caused them to become ever more irrelevant throughout the years in Sahm Adrangi’s opinion. He backs this claim by citing the fact that much of QuinStreet’s eight-year stock history has been plagued by low exchange rates.

In an economy where things are constantly changing, it seems that QuinStreet is having trouble keeping up. This is not surprising either, taking into account the nature of technology. If a company like QuinStreet is going to survive, staying up to date with your competition is essential for success and continued growth. Sahm Adrangi seems to be giving out a warning call with this article. He is letting investors know that a spike in revenue does not necessarily mean a company is moving back towards good standing. In this case, the company in question is using deceptive practices in order to stay financially relevant. What investors should stay focused on is the fact that the business model is still dated, making further investments unwise.

http://www.valuewalk.com/2017/11/sahm-adrangi-kerrisdale-capital-luxoft/

https://www.hvst.com/user/sahm-adrangi

How Hussain Sawjani Become an Entreprenuer in Real Estate

Hussain Sawjani, who is the CEO and founder of the DAMAC group, started a real estate company in Dubai. Hussain Sawjani’s father was an entrepreneur who owned a store selling watches, pens, and shirts that came from China.

As he grew older, he decided to attend the University of Washington. When he obtained a scholarship, he got his bachelor’s degree in Industrial Engineering and Economics. Hussain Sawjani started the DAMAC foundation providing free software development training to one million young Arab students.

When Hussain Sawjani began his career back in 1981, he started working in the finance department at Abu Dhabi Gas Industries.

After two years of working at Abu Dhabi Gas Industries, he decided to start his own catering business, bringing in thousands of customers. After many years, the catering business he started, has changed the name to Global Logistics Services. Learn more about Hussain Sajwani: http://www.hussainsajwani.com/ and https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board

In 2002, Hussain Sawjani became the DAMAC owner, the largest real estate company in the Middle East. Since the company started, it has built 19,000 apartment buildings with over 44,000 units under construction. By the year 2015, Hussain Sawjani’s company got publicly listed on The Dubai Financial Market.

One of the projects that Hussain Sawjani, the DAMAC owner has developed is a golf course designed by Tiger Woods and is managed by the Trump Organization. Also, he has built luxury apartments that have designed interiors from Italy. He owns lots of resorts and hotels, as well.

Hussian Sawjani is married with four children and lives in Dubai. One of Hussian Sawjani’s sons, Ali Sawjani graduated from North Eastern University in Boston, Massachusetts and graduated with a bachelor’s degree in economics. Today, Ali Sawjani is the General Manager of Operations at the DAMAC group. Read more: Hussain Ali Habib Sajwani | Bloomberg and Hussain Sajwani | Forbes

Donald Trump praised Hussain Sawjani for his entrepreneurship in DAMAC properties. Over time, the two men became friends building good relationships. Trump’s sons were even invited to Hussain Sawjani daughter’s wedding, Amira Sawjani.

Hussain Sawjani has done business with not only Donald Trump but Ivanka Trump as well. Over the years, Donald Trump and Hussian Sawjani have been friends and partners for a long time.