The Career of Fortress Co Founder Randal Nardone

Randal Nardone is one of the co founders of the investment management firm Fortress Investment Group. He helped establish this firm in the late 90’s after working as a finance professional and lawyer. Nardone has a unique background in finance as he was once a practicing attorney. This allowed him to use his knowledge of the law to complete a number of important deals for both Fortress Investment Group and for companies looking to complete mergers and acquisitions. Randal has held numerous high level management positions in both finance and law during his career. As an entrepreneur and executive in finance, Randal Nardone has been able to earn a substantial amount of wealth. Forbes named him to its list of billionaires and richest Americans.

When Randal Nardone started career, he worked in the legal field as an attorney. After completing law school, Nardone began his career at the law firm named Thatcher, Proffitt & Wood. He would serve as one of the associates at the law firm for a number of years. Towards the end of his stint at the law firm, Randal would be appointed as a member of the firm’s executive committee. This was a panel of top administrators of the law firm. As a member of this group, Nardone would get his first experience in a leadership role.

After a successful career as a lawyer, Randal Nardone went on to become involved in the financial sector. Randal began his career in finance when he joined the firm Blackrock Financial Management. While he was a member of this firm, Nardone would serve as its principal. This position allowed Nardone to continue demonstrating his leadership skills. While he had a successful stint at Blackrock Financial Management, Randal would move on to pursue other opportunities in 1997. At the end of the 1990’s, Randal would get involved with two major investment firms. He would work as the managing director at UBS until 1998. That year, Randal co founded Fortress Investment Group. Over the next two decades, Randal would help the firm establish itself as one of the leading asset management and private equity firms in the world.

Learn More: www.crunchbase.com/person/randal-nardone

SAHM ADRANGI PUTTING A STOP ON AD FRAUD

Kerrisdale Capital Management LLC is a company known to many for their work on shorts activism. Sahm Adrangi, the chief investment officer and founder of the company, has made a name in investment banking since the company’s foundation in 2009. Sahm focuses on exposing fraudulent companies by doing extensive research on where their capital comes from.

Sahm Adrangi’s company first made the headlines in 2010 after they exposed and published their research on Chinese frauds. The companies that Sahm featured in the research became recipients of SEC regulation actions. Sahm has also campaigned against St. Joe land developer on Globalstar as part of his short activism.

In the digital era, everything is not black and white as it would seem. Companies are making fortunes through ad fraud. Sahm Adrangi addressed this issues at the Kase Short Selling Conference amidst other short activists. Sahm raised the alarm on the many companies that have taken refuge in this act to generate revenue through fraudulent online advertisement.

Sahm Adrangi gave an example of ad fraud situation. For most companies, going through the legit channel can be frustrating especially if a publisher has no real users visiting the sites. So to make quick money, Sahm gave an instance where ads are displayed on fake websites. The counterfeit websites have a lot of traffic, not from humans, but from computers. These computers, bots, and botnets designed by eastern European hackers get to view the ads, and the companies get their revenue.

Another form of ad fraud that Sahm Adrangi exposes is add tagging and stuffing. In this case, the perfect example that he gave was video ads where other videos are playing in the background, but internet users cannot see. The videos get charges, but no one is seeing them.

Sahm Adrangi points out that legitimate publishers will drive revenue if online advertisers spend on online ads as they should do instead of participating in ad fraud.

Sahm avails the company’s research on their website or through e-mail subscription. He also spreads his knowledge on Twitter and other channels such as Bloomberg or CNBC. Sahm and Kerrisdale Capital are what the investment world needs to keep short activism active and help solve fraudulent practice.

https://www.prnewswire.com/news-releases/sahm-adrangis-kerrisdale-capital-issues-negative-report-on-eastman-kodak-company-300594897.html