Category Archives: Investment Profits

Randal Nardone Remains Fortress CEO After SoftBank Acquires

Randal Nardone, 62, is best known for being a key member of the Fortress Investment Group. He co-founded Fortress, along with Wes Edens and Rob Kauffman, and has served as a principal and director since 2013, and is currently CEO of Fortress. Randal also serves as: President of Ncs 1, LLC; President and Chairman of Springleaf Financial Holdings, LLC; Vice-President and Secretary of Newcastle Holdings, LLC; Director on the board of Eurocastle Investment Limited; and Director on the board of Florida East Coast Holdings Corp.

In February of 2017, SoftBank agreed to acquire Fortress Investment Group for roughly $3.3 billion in cash. In a vote of confidence in Randal Nardone and his fellow principals at Fortress — Wes Edens and Peter Briger — SoftBank has asked them to remain as leaders of Fortress Investment Group. In a sign of their alignment and solidarity with the ideals of the deal, Randal, Edens, and Briger committed to investing half of their after-tax proceeds from the acquisition to Fortress-managed investments.

Randal Nardone and the Fortress Investment Group are expected to operate as an independent business under the umbrella of SoftBank. SoftBank has made it clear that they intend to preserve and maintain the Fortress brand, processes, and business culture that have contributed to Fortress’ ongoing success. The visionary leader of SoftBank, Masayoshi Son, under whose guidance SoftBank has thrived, has expressed in confidence in the leadership of Fortress.

Under Randal Nardone’s leadership, Fortress Investment Group’s primary focus has been on asset-based investments, capital markets, mergers and acquisitions, operations management, and targeted sector-specific knowledge of companies.

Fortress Investment Group is based in New York, with two of its principals based in New York, and the remaining principal, Peter Briger, operating out of San Francisco.

Randal Nardone holds a BA from the University of Connecticut, and a Juris Doctorate from the University of Boston School of Law.

Freedom Checks Are Well Worth Checking Out

Shareholders of certain companies that do business in the energy related sector may be familiar with freedom checks. Some may already be receiving them. They are distributed on a quarterly basis or alternatively they may be paid on a monthly basis. The payments are tax-exempt. Learn more about Freedom Checks at

It is important to note that not all energy related companies are eligible. The company must be publicly held and in the form of ownership as a master limited partnership. This form of limited partnership was first created in 1981, some it has been in existence for quite a few years. There is a federal statute by which the companies must abide. It falls under statute 26-F. Even though it is covered under federal statute, the distributions are made by the company and not by the United States government. There are approximately 550 companies that meet all of the criteria and are therefore required to distribute freedom checks to each of their shareholders. The partnerships are required to operate oil and gas refineries and must also be in the practice of drilling new wells. The fuels they produce must be transported by pipeline. Read this article at Money Morning.


The freedom checks represent a financial gain to the stockholders of the partnerships. The money that is dispersed is tax exempt. Additionally, the company is required to distribute $0.90 of every $1 income generated. In that way, the company is literally passing along 90% of its profits to its shareholders. This alone represents a win-win situation for all parties involved. These checks have been in existence since 2016, yet to a certain extent they are still somewhat unknown to many investors. On the other hand, many investors have been reaping the financial benefits. The freedom checks are an additional source of income to an investor, in a way that is different from the typical dividend disbursements. Dividends paid to a stockholder are subject to income tax regulations. With the payment of a freedom check, the stockholder realizes a higher profit on his or her investment.