Peter Briger: Making Gains in the Midst of Financial Turmoil

Peter Briger joined the management of Fortress in March 2002, taking responsibility for credit and real estate portfolio. He joined the board of directors in 2006 and was elected the co-chairman of the board in 2009. Previously, he worked for Goldsman, Sachs & Co. for 15 years, and in 1996 he became a partner in the firm. Also serving as a board member of Tipping Point, a non-profit organization. Peter Briger is a current board member of Caliber Schools.

In 2007, Fortress Investment Group shares started trading on the public market in an Initial Public Offer. The move to go public making Peter Brigers 66 million shares in the firm has a net worth of more than $2 billion. The current principal of Fortress has built a reputation through his expertise in trading assets that everyone else is avoiding. Peter Briger primary strategy is to buy assets that mainstream sources of capital are trying to avoid. The reason for aversion being due to economic struggles, political interferences, or other opportunities arising. View Peter Briger’s profile at Equilar

Through Briger, Fortress group employs the buy-low-sell-high rule, holding on to assets until their market value rises. Above strategy is not without risk, and has been noted to be a delicate balance that requires a certain degree of expertise to succeed. Success in strategy is the task Peter Brigers’ team have to deliver periodically. Peter Briger brings to the company similar successes in trading like his previous accomplishments with Goldman. Among the highlights in the first quarter of this year is the raising of $4.7 billion for Fortress Credit Opportunities.” The amount raised representing 87% of new funds raised in that quarter by Fortress.

In the midst of the financial crises, Fortress identified discounted opportunities present in the market. Circumstances surrounding institutions shareholder demands and governments regulatory measures, forcing them to offload non- performing and high-risk fixed assets. In the last three opportunistic trades, Fortress has made gains in internal rates of return of between 12.7% to a high of 25.2%. The gains are an illustration of Peter Brigers prowess that continues to wow investors.

Now that the financial crises are over, Peter Brigers sees an opportunity to profit from the distressed assets acquired during the recession. These gains are particularly so in the financial sector. Banks continue to suffer from regulatory and political unrests forcing them to change how they conduct business.

Read: https://www.fool.com/investing/general/2015/05/23/peter-briger-fortress-investment-groups-23-billion.aspx

 

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