Wes Edens is a co-founder of the Fortress Investment Group. He is a sports team owner, private equity investor, and a businessman in the United States.
Fortress Investment Group was established in 1998 as a private equity firm. After some time Fortress became a global investment manager of numerous highly diversified assets. The company’s specialization has expanded to the management of financial and physical assets, owning, and pricing that covers financial assets, capital assets, and real estate through various cash flow strategies meant for the long term.
Due to its experience, Fortress has acquired an intense knowledge of the numerous markets which it invests in. From the stage of overseeing company portfolios and the implementation of investment, the company was able to create a group of investment experts who are excellent in forging relationships with individuals, institutions, and companies internationally from the different market sectors. Relevant to this, Fortress designed state-of-the-art techniques for the evaluation of structural strategic, structural and operational tasks that allows it to root out and participate in investments that are complicated.
The company’s involvement in acquisitions and mergers gave it the capacity to collaborate with different investors, management, and corporate board of directors ascertain the appropriate means for the implementation and organizing of a particular investment. Fortress has substantial proficiency in sourcing out low-risk and low-cost funding by appropriately gaining entry into the equity and debt capital markets when it comes to investing.
As an exceptional asset manager, Fortress Investment Group disclosed that its profits for the 2nd quarter increased by sixteen percent, which was supported by the trades made on the company’s investments on private equity. To propel the expected outcome of gains, Fortress gathered its investment profits from the sales of its shares in two companies it launched for public trading. Although Fortress is not mainly a private equity company, it benefitted from the increase of the stock prices in the market. A sound moves that the rest of the businesses in the industry did and likewise had gains from. Read more about Wes Edens at moneyinc.com.
The increase in investment income augmented for the higher overhead expenses while the lower incentive income – is the earning of Fortress from its assets.
In terms of income, Wes Edens total salary from Fortress expanded by 63.7% during 2014, which is approximately $4 million. Relatively, Fortress Investment Group has announced a cash dividend of 38 cents per stock share for the fourth quarter of the year, which is made up a quarterly dividend of 8 cents for every share a Class A shareholder owns, and a special cash dividend of 30 cents/share.
Based on the foregoing dividends, Wes Edens 63.1 million Class A shares will have a payout of of around $24 million. Although as per Wes Edens’s viewpoint there was no variation in the salary he received from 2013 to 2014 that amounted to $200,000. However, he declared an increase in his other compensations and bonus from the Fortress Investment Group, having worked for the company as its chairman since 1998 to 2009, and as Chief Executive Officer Read more about Wes Edens at Forbes.