Wes Edens Remains Chairman of the Board at Drive Shack Inc.

Wes Edens is the Co-Chief Executive Officer of Fortress Investment Group a global alternative asset investment firm and remains the Chairman of the Board for the Drive Shack Inc. that has made a decision to internalize the management of the company. An agreement was made in December 2017 for Drive Shack to formally file paperwork to control management decisions and the internalization of the company’s staff as of January 2018. This decision was made in order to have more hands-on decision-making powers and direction for the company as a whole. Wes and Fortress Investment Group has agreed with the decision and will continue to provide the necessary financial backing as the manager and will continue to also give intellectual guidance and leadership from Wes Edens. He has been a leader at Fortress Investment Group from the very inception in 1998 when he partnered with 4 other investors to form the powerful global financial investment firm. Wes Edens is currently co-owner of the Milwaukee Bucks a franchise in the National Basketball Association.

Wes has demonstrated a track record of continuous high-level leadership roles over his vast career as an investment manager. In fact, he began his career at Lehman Brothers and begins compiling a portfolio of strong intellectual financial insight and perspective that would allow him to create opportunities for profit within this organization. He also held a position at BlackRock Asset Investors in their Private Equity Division and quickly rose through the ranks of leadership and responsibilities within the organization that led to continued career opportunities. In 1998 Fortress Investment Group was founded and he became one of the leaders within the organization serving as Chief Executive Officer and providing extremely knowledgeable corporate governance of the organization that has led to exceptional growth and profitability of the company and eventual elevation of the organization into a global financial conglomerate.

Wes and his partners at Fortress Investment Group have solidified their formula of transitioning alternative asset groups that are distressed, illiquid and underperforming into opportunities to increase profits and generate long-term income streams and lucrative cash buyouts. By serving Drive Shack as Manager, Fortress Investment Group is continuing to provide high-level leadership and corporate guidance for the organization to grow and thrive. The organization is agreeing to internalize their management structure and allow Wes Edens to continue to sit on the board as chairman which will provide the necessary leadership and guidance to solidify the successful track record that has been laid for the organization.

The Fortress Investment Group Works for Everybody

Having begun business in 1998, the Fortress Investment Group has become a global phenomenon that truly knows how to handle the money of the wealthy. At the end of December 31, 2017 we discovered that the Fortress Investment Group was managing over $43.6 billion worldwide. They are in operations with over 1750 institutions who give them bulk of their money to invest in global markets to look like they will thrive. They are highly trusted due to the fact that the employee specialists in every area were specifically trained how to analyze market trends and make the most profit before the change occurs. Fortress Investment Group is no dummy. They diversify their portfolio to protect both themselves as well as the people who trust them to invest. They split up the bulk of their money into four different categories. These categories are all managed by of Vice President who has expertise in the chosen area. The lowest category is the private equity category.

This category specializes in buying up that and earning interest. This sector holds $6.5 billion. The next category is the capital vehicles category which manages $7.8 billion. The next largest category is the hedge fund category. This operates by buying stocks on credit and then burning both interest and profit from that stock. This holds $9 billion. The largest area the holds their money is the credit private equity category. This comes out in the form of loans, credit cards, and buying up debt.Fortress Investment Group is trusted by many people because of their five core competencies. The five core competencies are asset-based, industry knowledge, operations management, corporate acquisitions and mergers, and capital markets. Fortress Investment Group is extremely well-versed in the area of asset-based knowledge. This allows them to provide credit funds and earn extreme interest rates off of people who can afford such credit. They also operate private equity funds in this area and look at financing in managing physical assets ranging anywhere from residential to commercial. The second core competency that the Fortress Investment Group is well known for is their workers having industry knowledge.

Every single employee is required at advanced training in the area they are working in. The third core competency is the area of operations management. This requires a deep and broad knowledge in all sectors. They are capable of bringing the most difficult investment situation to all the different departments. After thorough analysis, the different departments can make a recommendation based on this complex situation. Fourth core competency is merging and acquiring other businesses. The Fortress Investment Group will sit down with the board of directors, shareholders, and employees to discover what is the best way to maintain profit during the corporate merger. Lastly, the Fortress Investment Group specializes in capital markets. Those who are just beginning to build a portfolio love this core competency because of fortress financial group is capable of giving you low risk investments that pay off huge when they become 10 baggers later.