Category: Investment

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.

Learn More: http://people.equilar.com/bio/peter-briger-fortress-investment/salary/779716

Stream Energy

With its headquarters in Dallas, Stream Energy is among some of the United States’ leading direct selling and connected life services corporations. The company provides wireless, energy, and home services to its customers. The services that the company offers are available in various states spread across the U.S. Some of the countries that the corporation provides its services include New Jersey, Maryland, Georgia, Ohio, and Texas.

Being the successful corporation that it is, the firm has not only been dedicated to serving its customers but also the American community through philanthropy. Recently, the company initiated its charity foundation known as “Stream Cares.” This was done to make formal its continuous generosity throughout Texas and other states in the U.S.

On 5th March 2018, the Dallas Patch featured the corporation’s new philanthropy foundation known as Stream Cares.

This is one of the first companies that were instrumental in helping to fund the recovery efforts of Hurricane Harvey. Besides that, the company helped their clients with their financial burdens. Over the years, Stream Cares foundation has partnered with the Hope Supply Co. to aid in tackling homelessness in Dallas. It is essential to point out that Hope Supply Co. pays attention towards homeless children and helps provide them with various items human essentials, school supplies and clothes.

Stream Energy has also partnered with Habitat for Humanity which aids families to construct new houses and repair any damages in the homes that they reside in. The Habitat for humanity provides volunteer labor and affordable mortgages whereas families offer work known as sweat equity. Also, Stream Energy has partnered with The American Red Cross” which gives disaster relief, emergency assistance, and education in the United States.

In 2016, Stream Energy came together with the Salvation Army to raise funds for the tornado victims in North Texas. The company was able to double their donation through matching the contributions made by their associates. Therefore, it can be said that Stream Energy is playing a unique role in making sure that the lives of people living in Texas are uplifted through corporate generosity and dedication to aiding the less fortunate.

https://www.elp.com/Electric-Light-Power-Newsletter/articles/2016/03/stream-energy-names-new-ceo-in-mondry.html

Softbank Takes Over Fortress Investment Group

The Fortress Investment Group is a leading investment group that is now being acquired by the Softbank company. Softbank paid about 3.3 Million dollars to make this deal happen and Softbank is based out of Japan. Softbank has evolved from its early days as a computer and software company to in present day having a keen interest in grassroots technology investment firms.

Softbank has been in business for over 40 years and they are able to provide value and expertise across a number of different business arenas. The group’s leadership is excited about the prospects of once again being a private company dedicated to improving investor relations across the board.

Fortress Investment group operating structure as well as Softbank’s will not change much as a result of the union of these companies. Fortress Investment Group was one of the first private equity firms to join the Wall Street Investment stocks publicly and was also the first private equity firm to leave the New York stock exchange too. Softbank has agreed to let the Fortress Investment group operate on its own terms and conditions despite this merger. The Fortress Investment Group will remain based out of its New York City location despite the merger.

Softbank has considerable ties and investment already with another project called the Vision Fund, one of the largest tech based investment projects that has gotten funding from such big companies as Apple. It is the company’s hope to expand their role in this space by opening up a London office where these two companies can collaborate on any and all future projects. The London office will put about 1,000 people to work there which is good for their economy also. The merger will allow the former to take full advantage of the new Asian markets. Softbank hopes to focus its time and attention on maintaining investor and customer relations and also to help meet compliance issues within and outside of its company base.

Learn More: www.thestreet.com/quote/FIG.html

Capital Group CEO explains how to earn better return on investment

Chairman and chief executive officer of the Capital Group.Tim Armour, thinks Warren Buffet is right… and wrong. Buffet bet $1 million for charity that he can earn more in one year investing in a S&P 500 passive index fund. Armour agrees that he probably will beat out the hedge funds this year, but says the method isn’t solid over the long-term.

Armour finds many of the current crop of hedge funds expensive and mediocre. He suggests “low-cost, simple investments” purchased and kept for a long-term investment. He concurs with Buffet’s standard approach of bottom-up investing which requires rigorous analysis of potential companies and constructing a “durable portfolio to learn more: https://www.facebook.com/public/Timothy-Armour click here.

For those tempted to follow Buffet’s example, Armour offers the following advice.

• The labels “active versus passive” refer to an industry argument. Armour says to look for funds that deliver well over the long-term and keep costs low.
• Index funds don’t protect investors fund from market downturns. They are just as volatile as other investment methods.
• A $10,000 investment 40 years ago in any of the top five active funds American Funds (The Growth Fund of America, AMCAP, Washington Mutual Investors Fund, The Investment Company of America or American Mutual Fund) would have netted an investor more than if they invested the same amount in the first S&P 500 index fund.

The now CEO still performs his duties  equity portfolio manager. Armour worked his way up at the Capital Group, starting there 34 years ago as a participant in The Associates Program after earning his BA in economics from Middlebury College. His specialty in equity analysis is global telecommunications and US service companies.

Armour councils investors to look for funds with high manager ownership and low expenses. Doing so over the long-term nets the best return.