Monthly Archives: June 2018

Fortress Investment Group; the Investment Trendsetter.

Fortress Investment Group is a leading investment management firm internationally. With its headquarters located in New York, the firm was founded in 1998 by its three founders Wes Edens, Randal Nardone and Rob Kauffman. The first two are still principals of the firm, but Kauffman retired in the year 2012 to focus on his long-life interest in car racing.The main objective while forming the organization was to create an alternative asset strategy that would raise private equity and transform it into cutting edge investment vehicles. In the beginning, their assets under management were barely over $400 million, but within the first five years of operations, this figure had increased to approximately $3.9 billion. This would further increase to $32 billion by 2007.Fortress Investment Fund I was the first investment vehicle that the company launched in 1999. Its earliest investments were in real estate, which included both Toronto and New York markets.

Fortress Investment Group swiftly grew to start managing hedge funds and debt securities.During the first decade of its existence, Fortress was faced with several challenges, but the firm was able to overcome them through the able leadership of its principals. In 2007, the company announced its first initial public offer. This event made history as it was the first private equity firm of its size to declare an IPO. By this time, Fortress had expanded its first investment vehicle Fortress Investment Fund I, with other versions. Also, the firm was preparing to launch the Long Dated Value Funds, the Drawbridge Global Macro Fund, Fortress Partners Fund, the Drawbridge Special Opportunities Fund, and the Fortress Brookdale Investment Fund; which were to get online soon. Also between 2006 and 2007, Fortress Investment Group had bought and acquired a number of key institutions among them; the Canadian company Intrawest ( which was the largest ski resort operator in North America), RailAmerica, Penn National Gaming (which operated horse racing venues and casinos), and Florida East Coast Industries (Owning Florida East Coast Railway by then).

About Fortress

Fortress Investment Group is a highly diversified investment management firm, setting the investment trends globally. Its currently operating under the able leadership of its three principals; Randal Nardone, Wes Edens, and Peter Briger. The first two are based in New York while the latter is located in San Francisco. The company has experienced rapid growth over the years. Currently, it has over $43 billion in assets under management. It also opened offices in other parts of the world to increase its market share and serve its clients effectively. Read More.


Investing in career and philanthropy- the life of Peter Briger.

A B.A. from the Princeton University M.B.A. from Wharton School of Business at the University of Pennsylvania are the academic credentials that would propel Peter Briger to one of the most exclusive lists on the Forbes Magazine. Peter Briger is a renown business leader who has held various positions in some of the most influential organizations in the country. He began his career at Goldman Sachs after leaving Princeton in 1986. At Goldman Sachs, his career would lead him to some of the most exclusive areas in business and in the process gaining experience that today continues to guide his business and investment decisions. He would make partner in 1996 and move to establish Goldman’s Special Situations Group.

This was a group tasked with making huge trades and investments on behalf of the bank in other the United States as well as abroad. The special group is credited with being one of the highest income earns for the organizations the years following its founding. It can be remembered that even one of its Co-founders resigned alleging that his seventy-million-dollar paycheck was not commensurate to what the group was brought in to the organization. Peter Briger left in 2002 to join Fortress Investment Group, at the time Fortress was showing signs of being more aggressive in investing and thus offered him a platform to further grow his career. In the years following the 65-billion-dollar investment behemoth would grow by leaps and bounds.

Peter Briger would become one of the most influential individuals driving this growth. He was elected to the board of directors in 2006 only four years after joining the management team. His passion, drive and ambition would see him Co-Chair the board in 2009. This was a defining period for Fortress Investment Group as it had just listed in 2007. He was eager to drive its growth and he was able to use his position as Co-Chairman as well as President, Principal, and Head of Credit and Real Estate Business in the group. This saw revenues grow and soon he was chosen Co-CEO adding to the already many titles in the organization. Under his leadership, Fortress Investment Group has continued to experience growth as Peter Briger continues to believe in the need to achieve business excellence. He is also committed to community initiatives and as such is a member of a number of organizations especially geared towards child welfare.


Roc Nation Sports Executive Juan Perez Gets Expensive Birthday Bash

The President of Roc Nation Sports, Juan Perez, was recently treated to an indulgent birthday party that was thrown by none other than his business partner and friend, rapper Jay-Z. Over $110,000 was spent on the celebration, $13,000 of it on a dinner that consisted of lobster, steak and sushi, and $9.000 of it on drinks that included Cognac from Jay-Z’s brand. The former sports star has been friends with the popular rapper and business mogul for over 20 years, having first met him back in 1996 through the co-founder of Roc-A-Fella Records, Kareem Burke.

After the two were introduced to each other, they formed an instant bond that stood the test of time. So, it was only fitting that Jay-Z would put together an event such as this latest one to celebrate friend’s 50th birthday. The party lasted into the early morning hours at the Playroom Nightclub, where $91,000 was spent. Juan Perez, who is also called OG Perez, is a former baseball player who was born and raised in Harlem, New York, and his wife Desiree Perez, or as she is also known, Dez Perez, is also an executive at Roc Nation who heads Jay-Z’s Tidal music streaming service.

Their idea of mixing sports with entertainment is what caused Jay-Z and Juan to open up several lucrative sports bars and lounges in the New York area over the years, and their partnership, as well as their business venture, is still going strong. Perez and his wife Dez seem to have the right formula when it comes to helping run a big corporation such as Roc Nation, and judging by this elaborate 50th birthday party Jay-Z just threw for his friend, he really appreciates all of their hard work, contributions and loyalty to both his company, and to him as a personal friend.

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The History of Legendary Jim Larkin, the Trade Unionist

James Larkin also was known as “Big Jim” was born on 21st January in 1876 and died on 30th January 1947 in his sleep. He was an Irish republican, left wing and a leader of Trade Union.

He founded the Irish Labour Party, Workers’ Union of Ireland, Irish Transport and General Workers’ Union, and the Irish Citizen Army, which was the paramilitary group that was essential to both Easter Rising and the Dublin Lockout.

Jim Larkin’s Background and Career

Jim Larkin was born in Liverpool, England to Irish parents. His family later moved together with him to Burren, Southern County, in a very small house in the countryside. Growing up in that very humble background, Jim Larkin received very little certified education. Learn more about Jim Larkin: http://spartacus-educational.com/IRElarkin.htm and http://www.rte.ie/centuryireland/index.php/articles/jim-larkin-released-from-prison

He later did a variety of menial jobs when he was still a young child. Later, Jim Larkin joined the trade union in 1905 and started working as a full-time organizer

His legacy on the Irish Trade Union Movement

The legacy of the revolutionist, Jim Larkin to the Irish Trade Union Movement will remain immeasurable. He transformed the movement from the selected union into a condition that suited and embraced a lot of workers.

He also put his focus on improving payments and ambiance for members and gave the union a new agenda with the aim of transforming Ireland to become a socialist commonwealth.

His fight for workers

The first time Jim Larkin made his name as the organizer for the National Union of Dock Labourers was in 1907. He famously joined and united the Catholic and the Protestant workers to fight for their better pay and good state of a workplace.

The long-lasting fight forced the local employers into recognizing the rights of Dockers and Caters to collective bargaining.

Jim Larkin’s fight for the poor and the underpaid and detestation of injustice made him encapsulated within his slogan that says “An Injury to One is the Concern of All”.

When Jim Larkin went separate ways with the National Union of Dock Labourers and formed the Irish Transport and General Workers Union, he did it at an era when poetry was still the main source of communication, which made him excel as the public speaker

Jim Larkin was elected the leading advocate for the newly formed Labour Party in 1913, to give workers a platform in the proposed Home Rule Parliament


Peter Briger, the Principal and Co-chairman of the Board of Directors at Fortress investment group.

Peter Briger joined Fortress in March 2002 as a member of the Management Committee. He later joined the Board of Directors of Fortress in November 2006 and was elected Co-chairman in August 2009.

Since then he has been responsible for the Credit and Real estate business at Fortress. Prior to joining Fortress, he had worked for 15years at Goldman Sachs &Co. where he held several executive positions such as Co-head of Whole Loan Sales and Trading business, Co-head of Fixed Income Investments Group among many more.

He had formed partner at the company back in 1996. He graduated with a Bachelors of Arts from Princeton University and later proceeded to acquire a master’s in Business Administration from the Wharton School of Business at the University of Pennsylvania.

In the Forbes Billionaires list released in March 2018, he is ranked at position 43 with a net worth of 2.3 billion dollars. As of 2016, Fortress had a total of 2533 employees under them.

Interns describe it as a great place to learn and grow as they are taught by the best. Other employees describe it as a good working place with good benefits, pay and competitive coworkers but with long working hours with compensation that does not match the working hours.

Peter deeply cares about children, education, and alleviation of poverty. Thus it’s not surprising, he is a member of the Silicon Valley leadership Council for the Global Fund for children and Council on Foreign Relations; – an NGO whose goal is to expand knowledge on foreign policy issues among citizens.

Peter Briger is a member of the Princeton University Investment Company and has been a consistent sponsor of the Central Park Conservancy within the university. Furthermore, he is the director of Tipping Point, a non-profit organization which serves low-income families in the San Francisco area.

Peter Briger once described Bitcoin as a new digital goldmine that would enable people all over the world to instantly send money. He explained that with a controlled American based exchange, which both Fortress and Wells Fargo would provide, Bitcoin would solve some challenges banks faced such as network payment.

Peter Briger is described as a Forbes Top 400 business professional who has gained respect amongst his peers as a capable leader and talented individual. While working at Goldman Sachs &Co., he served on several committees and took up a number of leadership roles at the company.

He is currently working at the Fortress Investment Group as the Principal and Co-Chairman of the Board of Directors. He is a graduate of Princeton University and the University of Pennsylvania. Gift From Alumni Supports Princeton Entrepreneurship


Dr. Rohrich’s Genioplasty guide

Dr. Rod Rohrich, one of the best plastic surgeons in America is of the view that the patient shall arrive for his consultation in a prepared fashion to go over his or her medical history. This might include the medications you could be on currently, allergies related to drugs and any form of previous surgeries anywhere else in the body. It is vital as it helps the practitioner to treat you in the best possible way. When you go through Genioplasty, the first thing you do after your consultation is to meet a photographer who will take your photos for medical history. After this, you will catch up with patient coordinator who would go over your scheduling options as well as related payments.

Dr. Rohrich is known to carefully design techniques specific to your surgery and if you want to view them, you could set up an appointment with the computer imaging team. Depending on your situation, Dr. Rohrich is likely to make a tiny incision where the implant is likely to be placed, generally inside the mouth area at the intersection of mouth or gum area. He then makes a pocket in the facial tissue and inserts the implant so that the chin is properly taped and secured while it undergoes the healing process. In the next 5-10 days, sutures are likely to be removed. Depending on the complexity of the situation, Dr. Rohrich sometimes inserts the facial implants concurrently with the facelift or nasal reshaping phase.

And for bone advancement, the practitioner is likely to make a similar tiny cut on the inside portion of the mouth and then cut the bone on both sides of the jaw. For patients who need a minimum of 10mm advancement, a chin augmentation is a perfect form of operation. This is rather a more simplistic version of the surgery that is not very simple in practice. But if you are considering to go with Dr. Rohrich, you are likely to have a success with much ease. He has dealt with many different kinds of cases in the past and secured positive results for all of his patients.

LinkedIn: https://www.linkedin.com/in/rod-rohrich-3b887914/


Louis Chenevert-Making a Lasting Impact on the Aerospace Industry

Louis Chenevert is a Canadian businessman and the current CEO and Chairman of the United Technologies Corporation (UTC). The Businessman has had a positive impact on almost any organization he has joined. The semi-retired businessman also works as the leading advisor for the Goldman Sachs, besides spending time with family and pursuing other personal interests. Before retiring from the booming aerospace industry, Louis Chenevert devoted his time to helping businesses change the way they tackled production. Specifically, Chenevert had a lasting impact on the aerospace industry. Upon obtaining a degree in production management from HEC Montreal, Louis Chenevert worked for the General Motors, where he was extremely productive thus rising through the company’s ranks and finally becoming the company’s Production General Manager. In 1993, one of the world’s leading aerospace manufacturer, Pratt & Whitney, hired Louis Chenevert to change its leadership. Although the company wasn’t doing fine at the moment, Chenevert guided the company and helped it boost its proceeds. The company’s market share improved significantly within six years Chenevert worked for it. Louis Chenevert also oversaw the acquisition of the aerospace manufacturing companies, Goodrich Corporation, which also used to one of the world’s leading rubber manufacturers.

Currently, Louis Chenevert serves as the CEO and Chairman of UTC, after being elected CEO and Chairman in April 2008 and January 2010 respectively. He is a Business Roundtable and an active member of Executive Committees. Also, Chenevert is the Chairman of Tax & Fiscal Policy Committee. Discipline and innovation are precisely what has kept the businessman’s powerhouse humming. Since joining the aerospace industry, all the corporations he has worked for have experienced impressive financial performance. He has helped them invest vast amounts of money in technology, courtesy of his hard work and unwavering dedication. Despite intense competition in the global aerospace industry, UTC today assembles some of the world’s most advanced jets, both for military and commercial users globally. The corporation also owns the largest escalator and Elevator Company in the world.

Conclusion

Louis Chenevert has undeniably made a profound impact on the aerospace industry. Today, he has plenty of time to pursue his passions which include engineering and designing yachts.

https://www.dailyforexreport.com/louis-chenevert-leadership-investment-innovation/


Lacey and Larkin arrested by federal agents

Michael Lacey and Jim Larkin are two agents of human rights activism in the United States. They are the founders of an organization known as Frontera Fund which funds the operations of human, civil and immigrants’ rights in the state of Arizona. Frontera Fund was established after they won a case battle involving the county of Maricopa.

Their human rights were acted against by the then Sheriff of the county, Joe Arpaio and they, therefore, moved to court to be compensated for the torture they were taken through. They were compensated $3.75 million which have been spent on philanthropy and human rights activism. In this case, they were arrest and detained for one night and were released the following day after public pressure on the county administration to release them. No charges were opened against them. Read more: Connect with Michael Lacey on LinkedIn

In 2018, they are back in courts again. This time, it is a different case altogether. They are facing charges for money laundering and 93 other counts of breaking the law. The government seized Backpage.com, a website they previously owned but had sold it in 2015, for allegations of advocating for “sex trafficking” among other illegalities. The FBI arrested the two on the same day the website was seized, and all its offices searched by the agents.

Jim Larkin is still in detention while Lacey is currently out. They are however going to face charges in June when the trial starts. Interestingly, the CEO of the company right now was not arrested in the swoop which one could have possibly mistaken for a hunt of a drug kingpin.

Michael Lacey and Jim Larkin have been advocating for freedom and right of all human beings in the United States to be respected. In 2017, they had opened a new site known as “Front Page Confidential: to advocate for the First Amendment.

The two are passionate about defending the rights of the minorities in the country which in many cases are one bearing the brunt of oppression from government agents. The cases facing them is just another case of the government trying to oppress their rights of the people and the freedom of speech. They remain hopeful that the charges will eventually be dropped.

Lacey and Larkin have been advocates of human rights in Arizona for the last five decades. Since 1960s while at the Arizona State University, they have acted on cases of human rights violations mostly by government agents seriously. The case of Former Maricopa County Sheriff Joe Arpaio is a good example of the dedication they place in their duties. They exposed this rogue officer for all the illegal actions he had taken against the immigrants in his county.

Joe Arpaio conducted himself unprofessionally and oversaw the worst treatment of immigrants in the country. There were cases of killings, torture and illegal incarceration of immigrants in the county. In a rather unfortunate turn of events, Joe Arpaio was released and freed of any charges after President Trump gave him court pardon.

Despite the release, Lacey and Larkin have progressed with efforts to safeguard the rights of minorities in Arizona.


What It Has Taken for OSI Group to Reach the Top

No single company, old or new can succeed without conforming to the current technological trends at the time. OSI Group, a food processing company that has been in existence for over a century can attest to that fact. The OSI of age is not the same as the one established in 1909. The company began as a corner butcher shop but has since grown to become one of the largest in the world.

Today, OSIenjoys a labor force of twenty-thousand employees, a testament of the food processor’s growth. The institution, which traces its roots to Chicago, currently enjoys a presence in seventeen countries across the globe. If that is not spectacular then I do not know what is.

Otto Kolschowsky, an immigrant by origin, is the brains behind the food processing company. Indeed, hard work pays and OSI is a testament to the same. OSI, after its inception, operated as a retail shop but a decade later, Otto was able to scale up and turn his brand into a wholesale business.

In truth, OSI Group would never have made it to the international limelight if its management had shunned technology and innovation from the get-go. Technology coupled with consistency and affordability is to thank for OSIs successes. The institution, since the sixties, has embraced flash freezing, a technique that has given the corporation much leeway of transporting food products over far distances without the fear of them getting spoilt.

OSI Group, thanks to its relationship with the McDonald’s brand, has been able to expand its services. As they say, you cannot succeed until you push yourself to the extremes. It is in 1973 that OSI dedicated an entire production line to processing McDonald’s hamburger patties, thus deviating from food processing to distribution.

To say the least, it has been an upward spiral for OSI since 1973, one of the reasons the company currently enjoys an international presence. It is undeniably clear that OSI and McDonald’s have pushed each other to the limit.

Today, OSI Group ranks among the best of the best all because of accomplishing the inconceivable. The joint ventures the company has initiated over the years have also contributed significantly to OSIs growth.

In a nutshell, OSI group has succeeded because of exploring new frontiers using products and services that were previously non-existent in local and international markets. Therefore, there is more than enough proof that the food processing company has made it to the top because of hard work and sheer determination.

To know more visit @: www.indeed.com/cmp/Osi-Group


With This Ring, PSI Pay Weds Itself to Contactless Payment

I don’t know about you, but the idea of wearable money conjures images of credit cards, gold of course, dangling from someone’s ear lobes, or maybe a crisp note, pound or dollar, rolled up, and placed around a finger. Wearable wallets are coming, but they won’t be quite like that if a leading fintech company, PSI Pay, has anything to say about it.

The rise of contactless payment is already underway, and, while we may currently associate the concept with smartphones, PSI Pay and partner Kerv Wearables have something a little more stylish in mind. Mobile phones have made so-called “wave and pay” an option for more than 10 years, and contactless payment now accounts for a third of all UK transactions. The technology has become so ubiquitous that even the Church of England, for all its associations with rigidity and tradition, is taking notice. Church goers can now stand inside centuries old cathedrals and make their tithe at a contactless terminal.

PSI Pay uses its proprietary payment system to replace credit and debit cards with a contactless device, usually found in a smartphone. They were one among many such vendors to provide this type of service, until they partnered with Kerv. This is where things get interesting. Kerv placed all the power of contactless payment into a simple, wearable titanium ring. Their rings are durable, water resistant, come in a assortment of sizes, and are designed to fit all genders. Most importantly, thanks to Kerv chaining their product to PSI Pay’s services, their rings hold all the purchasing power of a wallet. With a simple tap on a terminal the transaction is complete; no pin are signature necessary. The rings are secured by RFID technology and by purchasing limits put in place by national frameworks and individual banks. In the UK, for instance, single purchases are capped at 30 pounds. The rings can also be turned off, if necessary.

Kerv’s choice in partners shouldn’t be surprising to fintech insiders. PSI Pay saw its revenues increase by 45% in 2015 alone, with a 5.5% rise in profits, and this was on the heels of similar results in 2014. As contactless payment’s expected growth continues, the company seems well primed to take the advantage. With 7 billion pound notes still in circulation, physical money won’t be disappearing completely, but PSI Pay and Kerv believe they’ve got the future in, or perhaps on, their hands.