Randal Nardone is a co-founder of Fortress Investment Group LLC and is the principal. He is also on his firm’s Management Committee. He lives in New York City and Forbes ranks him as the 557th wealthiest billionaire in the world with a $1.8 billion net worth. His firm, which was founded in 1998, is a global investment manager with about $43.6 billion in assets under management. His company has more than 1750 private and institutional investors. Fortress Investment Group invests in real estate, credit, permanent capital, and private equity. As of the end of 2017 his company employees 953 people at its New York headquarters plus satellite offices around the world. After completing high school Randal Nardone attended the University of Connecticut. He earned two bachelor’s degrees, one in English and the other in Biology. He then attended the Boston University School of Law where he earned his J.D.
He started his professional career at Thacher Proffitt & Wood which is a New York City law firm. He made partner at this law firm and was on its executive committee. He then joined the financial industry at the Swiss banking giant UBS where he was a managing director. He then worked at Blackrock Financial Management where he was a principal. Fortress Investment Group was a privately owned company from 1998 until February 9, 2007, when it held an initial public offering. Institutional Investor named Randal Nardone’s company as the “Hedge Fund Manager of the Year” in 2014. In that same year it was also named by HFMWeek as the “Management Firm of the Year”. Randal Nordone has been on the board of directors for a number of different firms over the years.
He has been on the board of New Residential Investment Corp. since it was founded, for example. He is also on the board of Eurocastle Investment Limited which focuses on investing in the European Union. In the past he served on other companies boards such as Springleaf Holdings, LLC, Aircastle Limited, and SeaCube Container Leasing Ltd. Since co-founding Fortress in 1998 he has also co-founded a number of other companies in the financial industry. Among these are FIG LLC where he is also the principal and director, Fortress Macro Advisors, Fortress Credit Corporation, and FM Falstaff Advisors, LLC among others.