Archives: December 2018

Peter Briger: The Story of the King of Debt

Peter Briger: The Story of the King of Debt

The IPO for Fortress Investment Group debuted in February 2007, on NYSE public markets. The event made one thing clear- Peter Briger had become a billionaire. At the time, Briger had 66 million shares in the company worth over 2 billion. Later this watermark receded since the stock went down 74%. Currently, Briger’s has over 44 million shares worth $350 million. On paper, this looks like a massive hit on his net worth, but that’s hardly the case.

Peter Briger is still an elite player in particular asset investing. It is a trading endeavor that has created a secretive society. Peter has over the years risen to the top of this shadowy world. He has made his name at Goldman Sachs. He worked for the company for 15 years before joining Fortress Investment Group. The CEO joined Fortress to focus on debt security and real estate because the company wanted to diversify. Peter now sits in the Fortress board as Co-Chairman, and he is also the company’s principle. View Peter Briger’s profile on Linkedin

Peter Briger has built wealth trading assets that many traders don’t fancy. He has a specialty in distressed debt. While at Goldman Sachs, Peter co-founded the company’s Special Situations Group. The wing became famous for their secretive/ highly profitable trades. Peter and his colleagues traded Japan’s troubled mortgages, Thailand car loans, a South Korea alcoholic beverage company, and many more.

Peter’s strategy at Goldman Sachs focused on trading assets that mainstream sources of capital didn’t consider favorable. They would hold such assets and sell them profitably when the markets stabilized. Later, Peter Briger left Goldman, making a move to Fortress. At the new pastures, his success did not skip a bit.

Lately, Peter’s team has raised $4.7 billion under “Fortress Credit Opportunities Fund IV,” which is a new company fund. This figure is 87% of all Fortress funds in that quarter. The other percentage came from Fortress’ liquid market and private equity divisions.

After the financial crisis, Peter Briger bagged gold. It was at a time when governments and banks sold risky/ non-performing liquid assets. Peter scooped these assets, and they are yielding positive results even today. Peter expects his future in distressed assets to be bright especially now that the financial crisis is in the rearview mirror and things have stabilized.

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Dr. Sameer Jejurikar: Leading the Force behind Dallas, Texas’ Cosmetic Surgery Industry

With over 21 years of professional experience practicing cosmetic surgery in the Dallas, Texas region, Dr. Sameer Jejurikar has earned a reputation among patients for being one of the most trusted and reliable doctors to seek for safe and satisfactory cosmetic enhancements. After graduating from the University of Michigan Medical School and completing his residency in plastic surgery, Dr. Jejurikar relocated to Dallas, Texas where he has since serviced patients in the area out of his office (Dallas Plastic Surgery Institute) and the several hospital affiliations he came to collaborate with that include the Texas Health Presbyterian Hospital Dallas, Dallas Medical Center, and Pine Creek Medical Center.

Dr. Jejurikar’s specialty in plastic surgery entails doing surgical enhancements to the face, body, and breasts whereby he prioritizes a commitment to utilizing the latest innovations in technology to provide patients with the best results via minimally invasive surgical operations. One such innovation that Dr. Sameer Jejurikar uses at his office is a Crisalix 3D Imaging System that allows patients to see and get a thorough understanding for the results they will receive post operation. Nevertheless, in addition to the use of this system, Dr. Jejurikar has also worked with a team or skincare specialists to research and create his own line of skin products that are of medical grade and aim to be revolutionary in targeting and treating wrinkles, poor elasticity of the skin, and dark circles.

As a result of Dr. Jejurikar having shown the deepest concern and compassion for the care of his patients over his years of service, he was enlisted by the American Registry to be included in the Registry of Business Excellence and awarded with the Most Compassionate Doctor certification in 2012. Moreover, in addition to being a part of an elite service team that assists patients in the Dallas, Texas region, Dr. Sameer Jejurikar is also a member of the nonprofit organization Smile Bangladesh that services children throughout the country that suffer from cleft lip deformities.