• 05Apr

    Peter Briger is the Co-Chairman of the Board of Directors for the Fortress Investment Group. Peter is ranked number three hundred and seventeen on the Forbes four hundred list. He has an estimated net worth of one and a half billion dollars. Fortress Investment Group had a public offering that allowed Peter Briger to become a billionaire. Briger is from New York. He his associates degree from the Princeton University, and studied Arts and Science while at Princeton. Briger got his Masters in Business Administration from the University of Pennsylvania.Fortress Investment Group is an active asset management company.

    Wesley Edens and Michael Novogratz also became wealthy after the public offering of the Fortress Investment Group. Briger joined the firm four years after it was founded in 1998 by Wesley Edens,Robert Kauffman, and Randal Nardone. Edens was a former partner at the Investment bank Lehman Brothers, which no longer exists.The firm has private equity services, hedge fund services, and real estate management. These three divisions of the firm manage around forty three billion dollars. Kaufman and Nardone are wealthy, although they are not on the Forbes Billionaire list, since Fortress Investment Group is down since the public offering.

    Peter Briger worked at Goldman Sachs, and became a partner at the firm, before coming to Fortress Investment Group. He oversees the hybrid hedge fund of Fortress Investment Group. He is forty three years old, and is married with four children.Fortress Investment Group is one of the first alternative asset management companies to go public in the United States, and Peter Briger is credited with helping to make that happen. He learned a lot about Real Estate investing and trading while at Goldman Sachs, and this is partially what allowed him to take the Fortress Investment Group to a new level of success.Learn More.

  • 01Jun

    Anthony Petrello: A Man with great Drive & Ambition:

    Anthony Petrello is currently the Chief Executive Officer of Nabors Industries. Nabors Industries has become a powerful organization within the oil and drilling industry. Actually, Nabors Industries is one of the top land based drilling company within the entire world.

    Anthony Petrello worked very hard to make the organization a complete success. Mr. Petrello has been the CEO of Nabors Industries since the early 1990’s. Nabors Industries continues to provide a variety of career opportunities for a variety of people from different industries.

    Anthony Petrello attended some of the best Ivy League schools. Petrello attended Yale University as an undergraduate. In addition, Anthony Petrello obtained a Law Degree from the prestigious Harvard Law School. Mr. Petrello also serves on a variety of different boards such as Stewart Stevenson and Texas Children’s Hospital.

    *Strong Supporter of Medical Research:

    Anthony Petrello and wife Cindy made a very generous donation to Children’s Hospital in excess of $7 Million dollars. The Petrello’s 8 year old daughter was born with a serious neurological disorder. However, it seems that this little girl is progressing very well considering her medical problems. Anthony Petrello and wife Cindy refer to their little girl as their “True Miracle”.

    The drive to serve on various boards stemmed from the fact that Anthony Petrello has a daughter that was born with a medical problems. In addition, Petrello has donated large sums to assist Neurological Research studies.

    Anthony Petrello is certainly a man with great drive and ambition. In addition, Mr. Petrello is a person who truly believes on giving back and helping the less fortunate. Petrello is a man with a great many passions. In addition, Anthony Petrello is always looking for ways to sharpen his business expertise so that others can ultimately benefit.

  • 04Feb

    There are two widely recognized functions of investment banks: trading and generation of capital. These functions are distinct from the role of commercial banks that take deposits and create loans. Investment banks are valuable agents of capital development and price setting. They also assist in the management of current and future consumption. In modern mixed economies, large corporations and governments depend on investment banks to generate capital. The banks specialize in creating an avenue through which producers can trade with investors.

    Brief history of the investment banking of the United States

    While the role of commercial and investment banks are distinct and clear across the globe, the distinction between these two forms of banking has a strong meaning in the U.S. than other parts of the world. The U.S. Congress imposed the Glass-Steagall Act in 1933. One of the clauses of the Act formed a legal difference between the running of commercial bank and investment bank. Furthermore, one company could not be allowed to hold both commercial and investment banks. The act prevented investment banks from accepting deposits or making loans. Commercial institutions could not invest in securities in the U.S. In 1999; the Congress passed another law called the Gramm-Leach-Bliley Act, which eased the barriers. The United States goes to history books as the only nation to have ever created a legal distinction between commercial and investment banking.

    Martin Lustgarten

    Martin Lustgarten is one of the greatest minds in the circles of investment banking. He has been dealing with individual and organizational clients. Formerly, Lustgarten held citizenship of Austria and Venezuela. He took advantage of his dual citizenship to expand his investment banking empire in those two nations. He has been consistently advising his clients to spread their investments across distinct sectors. Lustgarten is a global investor. Therefore, he benefits from both local and international growth.

    Lustgarten has managed to establish a pool of loyal investors who rely on his services. His deep-rooted mastery of investment banking and his tendency to observe the market keenly, allows him to make an adjustment when a market is nearly making a downturn. Lustgarten is the founding director of the Miami-headquartered Lustgarten Martin Investment Banking.

 
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