Wes Edens has had an exemplary career in the finance world

Wes Edens has had an exemplary career in the finance world as an executive at Fortress Investment Group, and as the co-owner of the Milwaukee Bucks pro basketball team.Wes Edens got his start in the finance world in 1987 working for Lehman Brothers. Wes Edens ended up working his way up to the position of director. Wes Edens left Lehman Brothers in 1993 and went on to join another finance company with more recognition and reputation, called BlackRock Financial Management.Wes Edens was promoted to partner as well as managing director at BlackRock Financial Management. In 1997, Mr. Edens left BlackRock Financial Management and decided to co-found a new company. Wes Edens received strong support from his fellow co-founders, Mike Novogratz, Peter Briger, Robert Kauffman, and Randal Nardone, to build Fortress Investment Group from the ground up. Wes Edens has also been a part of a seven-member board while at Fortress.

In 2015, Wes Edens made a debt-related acquisition by procuring Citigroup’s OneMain for 4.3 billion dollars — it was an all-cash purchase made by Springleaf Financial Services. Fortress retained approximately 80 percent of Springleaf Financial Services when they brokered the Citigroup/OneMain deal in 2015. Fortress Investment Group, a publicly traded company, controls assets for over 1,600 clients, globally.According to The Wall Street Journal Wes Edens investing methods are very creative. Wes Edens is known for making contrarian bets and does innovative financing. Edens’ has impressive talents concerning his knack for building new businesses and managing new ones that Fortress Investment Group has procured through mergers and acquisitions. Fortress Investment Group has had a tremendous amount of success over the years, brokering deals.

Fortress Investment Group had also agreed to be the principal lender for the Millennium Development Group to build an Olympic village for the athletes who were competing during the 2010 Winter Olympics that were held in Vancouver, Canada. Thanks to Wes Edens and his executive team, Fortress became the owner of the village in Southeast False Creek, Vancouver, after the Olympics ended.Just recently, Softbank Group Corp (SBG), a Japanese company based in Tokyo, purchased Fortress Investment Group for $3.3 billion. Wes Edens and the other Fortress executives retained their positions after the SBG acquisition.Besides co-founding Fortress Investment Group, Wes Edens is also the co-owner of the Milwaukee Bucks professional basketball team. Eden’s and Marc Lasry bought the Milwaukee Bucks for 500 million in 2014.In regards to Wes Edens’ educational resume, he earned a Bachelor’s of Science in Business Administration and Finance in 1984 from Oregon State University.

Harnessing The Power Of Crypto

If there ever was a rage that the future will read out, and that which really got it’s footing in 2017, it is crypto currency. The name might even seem odd to some lay people, unaware of it’s power, and unclear of it’s future, but there are others who are all-too-familiar with the power of this somewhat new investment option.

 

There has not been a lot for investors to latch onto, and that which might hold some promise, in recent years, but crypto currency is kind of a like a beacon of light for those interested in seeing it. For people like Jeb McCaleb, he got into crypto nearly a decade ago, and now he is cofounder of Stellar, a company he wants to make the standard for cross-border remittances and payments. Everything that has gone before the incubating of this company Mr. McCaleb sees as building blocks for what he is now creating with Stellar.

 

He admits that his initial interest in Bitcoin was that of someone who was perfectly enamored, cautiously hopeful of the success that he felt was ahead for this company growing at hyper speeds. The mining process, however, was always of concern to him, and while he anxiously awaited amelioration of its flaws, he was eventually disappointed.

 

After a brief stint before Stellar, he eventually found his way to starting up this company that would serve to create an internet protocol for the processing of payments. It was founded on the idea to fix what was wrong with chains and trying to move away from private chains, creating a product for and by the people as it were. Currently trades that take place between networks remain private and Stellar keeps them that way. Stellar shows transactions happening across networks and Jeb McCaleb is working to make this more of the standard throughout the entire industry.

 

Regulatory concerns still plague greater growth of this industry, but that is not going to stop Jeb McCaleb from continuing on with his mission to strengthen the overall crypto currency market, one block at a time. The future is very bright for this currency, which is just finding it’s way in this world of governmental regulation of near-everything. It is a breath of fresh air.