Employees, especially interns, think Fortress is an excellent place to learn since they work with a high profile team of investments experts and professionals. Most employees enjoy smart coworkers citing Fortress as a place where one can gain and grow through exposure to multiple industries. Employees are given responsibilities based on their level of motivation. Employees recognize how hard-work and dedication are acknowledged with good pay and benefits. Fortress provides employees with a knowledge platform on financial services as it challenges them to think and manage their work hours. Peter Briger was number 317 on Forbes 400 with a net worth of $1.5 billion as of 2007. He is married with four children and holds a Bachelors in Arts from Princeton University, and a Masters in Business Administration from the University of Pennsylvania’s Wharton School of Business. He serves as a co-chairman of the board and principal of Fortress Investment Group, an investment management company. He joined Fortress in 2002 and has been part of the management committee ever since.
This follows his committee experience in Japan Executive Committee, Asian Management Committee, and Global Control and Compliance Committee. Before this, Peter Briger was a partner at Goldman Sachs, a firm he spent 15 years with. He is a board member of Central Park Conservancy, Global Fund for Children, and Princeton University Investment Company. His finance and investment career has built him a high reputation as a capable leader. He started and oversees Fortress Credit business that specializes in undervalued assets and illiquid credit investments. Fortress Credit team is made up of over 300 employees. Buy low and sell high culture was built when he was at Goldman Sachs.
Together with his partners, they would buy assets such as car loans and troubled mortgages, that had fallen out with mainstream capital sources keeping them until the markets were stable and sell at a good price earning high profits. As an alumnus of Princeton University, Peter Briger have started a pilot funding program for the university alumni entrepreneurs with startup firms. With up to $100,000 matching seed funds, the entrepreneurs will fulfill their ideas, and Peter Briger hopes they will become serial in time and help others in the same way. Peter Briger’s links with Princeton extends to even funding a professorship that is currently held by Bryan Grenfell of ecology and evolutionary biology. His other philanthropic efforts include serving as board member of Caliber charter school and assisting nonprofit organizations efforts in helping low-income communities in San Francisco.
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