HOW RANDY NARDONE SECURED AN EXECUTIVE POSITION AT FORTRESS INVESTMENT GROUP

Randal Nardone is on the list of the famous billionaires across the entire globe. He is at position 557 according to the latest report released by Forbes. He is an alumnus of the University of Connecticut where he studied a bachelor of arts in English and Science. He also has a J.D from Boston University.

Randal Nardone is also a co-founder of Fortress Investment Group which was established in 1998. He was promoted to the position of the Chief Executive Officer in August 2013 and has been a principal since 1998. The company is known for providing credit funds as well as managing private equity pools. The soft bank was able to buy Fortress Investment Group for $3.3 billion. Their interests in specialty pools just attracted them.

These pools usually put money in various sectors such as golf courses, mortgage services, and digital marketing as well. Softbank feels that it can double the assets of Fortress Investment Group within the next few years. The CEO of Softbank has some billionaire investors who are passionate about investing in the company. The company’s strategy is assembling former Wallstreet salespeople and traders as well who have ties in Abu Dhabi and Saudi Arabia as well.

Fortress Investment Group has been able to expand under the leadership of Randal Nardone since he was appointed as the company’s CEO. The appointment was under the trust of more than 1750 clients all of whom were passionate about career growth. Randal Nardone is one of the leaders at the company who have been able to influence significant developments at the company.

The company is currently controlling more than $43.6 billions worth of assets which they management board believes that Randal Nardone is the only person who can triple the investment. He possesses both financial and legal knowledge something that makes him unique. His leadership skills are also awesome, and he has managed to work with passion towards career growth. His star of leadership has been witnessed since 2007 when the company was listed at the New York Stock Exchange. He has been able to contribute useful ideas which have enabled the company to becomes a trendsetter in the market.

 

Natural Resources Expert Matt Badiali Writes about Increasing Oil Prices

Matt Badiali, a natural resources expert, wrote in a recent article that higher oil prices are coming down the pike. Beginning in the fall these higher prices will hit, in no small due to the United States exiting the agreement made with Iran and its nuclear power. This agreement, signed in 2015, had allowed Iran to start exporting its oil and engaging in other international trade.

Exiting this agreement meant that oil sanctions against Iran will start in November. As Iran exports about 2.2 million barrels of oil a day this is going to have a large impact on the price of oil. This amount of oil is too large of an amount for other nations like the United States, Saudi Arabia, and Russia to replace.

There are countries, including China, who have refused to take part in the American embargo of Iran. They will continue to import oil from Iran as much as they have before, Matt Badiali wrote. Still, other countries are setting up alternatives to get the oil they need. An oil executive in India, Sanjiv Singh, stated that no matter what happens with oil from Iran his country would continue to get the same amount of oil just from other sources.

Matt Badiali says that in order for oil prices to not go up in the fall absolutely nothing else can go wrong. That means Venezuela, Libya, and Nigeria continue to pump the same amount of oil. The Middle East also needs to not have any disruptions. While speculators appear to believe oil prices won’t go up he feels they are wrong and so he is taking a long position on oil.

Matt Badiali writes about oil and other natural resources in a financial newsletter, Real Wealth Strategist, published through Banyan Hill Publishing. He has a master’s degree in geology so his educational background and experience make him a natural fit to research the natural resource market and give his opinion on where investment opportunities lie. He has been writing about these sorts of investments for the past 14 years.

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