People: Fortress Investment Group LLC (FIG)

FIG on New York Consolidated

4.08USD
11:12am EST
Price Change (% chg)

$-0.13 (-3.09%)
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$4.21
Open
$4.16
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$4.06
Volume
195,683
Avg. Vol
1,249,330
52-wk High
$8.30
52-wk Low
$1.02

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Summary

Name Age Since Current Position
Edens, Wesley 47 2009 Co-Chairman of the Board
Briger, Peter 45 2009 Co-Chairman of the Board
Mudd, Daniel 50 2009 Chief Executive Officer, Director
Novogratz, Michael 44 2006 President, Director
Bass, Daniel 42 2003 Chief Financial Officer
Kauffman, Robert 45 2006 President of Europe, Director
Nardone, Randal 53 2006 Chief Operating Officer, Director
Brooks, David 38 2007 Vice President, General Counsel, Secretary
Haass, Richard 57 2007 Director
Jacobs, Douglas 61 2007 Director
Rubin, Howard 54 2007 Director
Shibata, Takumi 56 2007 Director
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Biographies

Name Description
Edens, Wesley Mr. Wesley Edens has been appointed as Co-Chairman of the Board of Fortress Investment Group LLC effective August 11, 2009. He has served as member and Chairman of the Board and Chief Executive Officer of Fortress Investment Group LLC since November 2006 and was a member of the Management Committee of Fortress since co-founding the Company in 1998. Mr. Edens is responsible for the Company’s private equity and publicly traded alternative investment businesses. He is Chairman of the board of directors of each of Aircastle Limited, Brookdale Senior Living Inc., Eurocastle Investment Limited, GateHouse Media, Inc., Mapeley Limited, Newcastle Investment Corp. and Seacastle Inc. and a director of GAGFAH S.A. and Penn National Gaming Inc. Mr. Edens was Chief Executive Officer of Global Signal Inc. from February 2004 to April 2006 and Chairman of the board of directors from October 2002 to January 2007. Mr. Edens serves in various capacities in the following three registered investment companies: Chairman, Chief Executive Officer and Trustee of Fortress Registered Investment Trust and Fortress Investment Trust II and Chief Executive Officer of RIC Coinvestment Fund LP. Prior to forming Fortress, Mr. Edens was a partner and managing director of BlackRock Financial Management Inc., where he headed BlackRock Asset Investors, a private equity fund. In addition, Mr. Edens was formerly a partner and managing director of Lehman Brothers. Mr. Edens received a Bachelor of Science in Finance from Oregon State University.
Briger, Peter Mr. Peter L. Briger, Jr. has been appointed as Co-Chairman of the Board of Fortress Investment Group LLC effective August 11, 2009. He has served as a member of the Board and President of Fortress since November 2006. Mr. Briger joined Fortress in March 2002 and is responsible for the hybrid hedge fund business, which includes running the Drawbridge Special Opportunities Funds. Prior to joining Fortress, Mr. Briger spent 15 years at Goldman, Sachs & Co., or Goldman Sachs, where he became a partner in 1996. Over the course of his career at Goldman Sachs, he held the positions of co-head of the Whole Loan Sales and Trading business, co-head of the Fixed Income Principal Investments Group, co-head of the Asian Distressed Debt business, co-head of the Goldman Sachs Special Opportunities (Asia) Fund LLC and co-head of the Asian Real Estate Private Equity business. In addition, he was a member of the Goldman Sachs Global Control and Compliance Committee, a member of the Goldman Sachs Asian Management Committee and a member of the Goldman Sachs Japan Executive Committee. Mr. Briger received a Bachelor of Arts from Princeton University and an Master of Business Administration from the Wharton School of Business at the University of Pennsylvania. Mr. Briger currently serves on the board of directors of the Princeton University Investment Company.
Mudd, Daniel Mr. Daniel H. Mudd has been appointed as Chief Executive Officer, Director of Fortress Investment Group LLC effective August 11, 2009. He became a member of Board of Fortress Investment Group LLC in February 2007. Mr. Mudd was the President and Chief Executive Officer of Fannie Mae, the nation’s largest financer of home mortgages. Mr. Mudd was also a member of the Fannie Mae Board of Directors. Prior to being appointed Chief Executive Officer in June 2005, Mr. Mudd served as the Vice Chairman and Chief Operating Officer of Fannie Mae. As Chief Operating Officer, Mr. Mudd was responsible for originations, marketing, operations, systems, local outreach and administration. Prior to joining Fannie Mae in February 2000, Mr. Mudd served as President and Chief Executive Officer of GE Capital, Japan. During his career at GE Capital, Mr. Mudd served in Business Development, International Financing and European Fleet Services. He served as President of GE Capital Asia-Pacific from 1996 to 1999. Prior to his tenure at GE Capital, Mr. Mudd held positions in management consulting and financial services with Xerox Corporation, Ayers Whitmore and Company, and the World Bank. Mr. Mudd holds a Bachelor of Arts in American History from the University of Virginia and a Master in Public Administration from the John F. Kennedy School at Harvard University. Mr. Mudd also serves on the boards of Sidwell Friends School, Hampton University and the Board of Managers of the University of Virginia Alumni Association.
Novogratz, Michael Mr. Novogratz is a President and member of board of Fortress Investment Group LLC since November 2006. Mr. Novogratz joined Fortress in March 2002 and is responsible for the liquid hedge fund business, which includes running the Drawbridge Global Macro Funds. Prior to joining Fortress, Mr. Novogratz spent 11 years at Goldman Sachs, where he became a partner in 1998. Mr. Novogratz held the positions of president of Goldman Sachs Latin America and the head of Fixed Income, Currencies and Commodities Risk in Asia, where he lived from 1992 to 1999. Mr. Novogratz received a B.A. from Princeton University, and served as a helicopter pilot in the U.S. Army.
Bass, Daniel Daniel N. Bass joined Fortress Investment Group LLC as Chief Financial Officer in November 2003. Prior to joining Fortress, Mr. Bass spent 11 years at Deutsche Bank. Over the course of his career at Deutsche Bank, he held the positions of managing director of DB Capital Partners and managing director, Global Business Area Controller of Deutsche Bank’s Corporate Investments Division. Prior to that, Mr. Bass was a Senior Associate in the International Tax Practice at Coopers & Lybrand. Mr. Bass received both a B.S. and a Masters in Accounting from Florida State University.
Kauffman, Robert Robert I. Kauffman has been a member of the Board of Fortress Investment Group LLC since November 2006 and was a member of the Management Committee of Fortress since co-founding the Company in 1998. Mr. Kauffman is responsible for the management of Fortress’s European private equity investment operations. Mr. Kauffman is the Chairman of the board of directors of Alea Group Holdings (Bermuda) Ltd. and of GAGFAH S.A. Prior to joining Fortress, Mr. Kauffman was a managing director of UBS from May 1997 to May 1998, and prior to that, was a principal of BlackRock Financial Management Inc. Mr. Kauffman was with Lehman Brothers from 1986 to 1994 and served as executive director of Lehman Brothers International in London beginning in 1992. Mr. Kauffman received a B.S. in Business Administration from Northeastern University.
Nardone, Randal Randal A. Nardone has been a member of the Board and Chief Operating Officer of Fortress Investment Group LLC since November 2006 and was a member of the Management Committee of Fortress since co-founding the Company in 1998. Mr. Nardone is a director of Alea Group Holdings (Bermuda) Ltd., GAGFAH S.A. and Eurocastle Investment Limited. Mr. Nardone was previously a managing director of UBS from May 1997 to May 1998. Prior to joining UBS in 1997, Mr. Nardone was a principal of BlackRock Financial Management, Inc. Prior to joining BlackRock, Mr. Nardone was a partner and a member of the executive committee at the law firm of Thacher Proffitt & Wood. Mr. Nardone received a B.A. in English and Biology from the University of Connecticut and a J.D. from Boston University School of Law.
Brooks, David David N. Brooks is the General Counsel of Fortress Investment Group LLC. Mr. Brooks joined Fortress in 2004 as the Deputy General Counsel and succeeded to the General Counsel role in February 2007. Prior to joining Fortress, Mr. Brooks spent nearly 8 years at Cravath, Swaine & Moore LLP, where he specialized in mergers and acquisitions, capital markets transactions, including initial public offerings and high-yield debt issuances, and providing corporate governance advice to large public companies. Mr. Brooks received a B.S. in Economics from Texas A&M University and a J.D. from the University of Texas School of Law.
Haass, Richard Dr. Richard N. Haass became a member of the Board of Fortress Investment Group LLC in February 2007. Dr. Haass is president of the Council on Foreign Relations, a position he has held since July 2003. Prior to his current position, Dr. Haass was director of policy planning for the U.S. Department of State, where he was a principal adviser to Secretary of State Colin Powell on a broad range of foreign policy concerns, and acted as U.S. coordinator for policy toward the future of Afghanistan and the lead U.S. government official in support of the Northern Ireland peace process. From 1989 to 1993, Dr. Haass was special assistant to President George Bush and senior director for Near East and South Asian affairs on the staff of the National Security Council. Previously, he served in various posts in the United States Departments of State and Defense. Dr. Haass has received the State Department’s Distinguished Honor Award and the Presidential Citizens Medal. Dr. Haass has been director of foreign policy studies at the Brookings Institution and taught at or been associated in various capacities with Hamilton College, the Carnegie Endowment for International Peace, Harvard University’s Kennedy School of Government and the International Institute for Strategic Studies. Dr. Haass holds a bachelor’s from Oberlin College and both a Master and Doctor of Philosophy degrees from Oxford University.
Jacobs, Douglas Douglas L. Jacobs became a member of Board of Fortress Investment Group LLC in February 2007. Mr. Jacobs is a director of Doral Financial Corporation, a financial services company, where he is Chairman of the Risk Policy Committee and member of the Audit and Dividend Committees. From November 2004 to mid-2008, Mr. Jacobs was also a director of ACA Capital Holdings, Inc., a financial guaranty company, where he was Chairman of the Audit Committee and a member of the Compensation Committee and Risk Management Committees. Mr. Jacobs was a director and Chairman of the Audit Committee for Global Signal Inc. from February 2004 until January 2007. Mr. Jacobs has also been a director of Hanover Capital Mortgage Holdings, Inc. from 2003 until 2007. Mr. Jacobs was an Executive Vice President and Treasurer at FleetBoston Financial Group, managing the company’s funding, securitization, capital, and asset and liability management activities in addition to its securities, derivatives, and mortgage loan portfolios. Prior to joining FleetBoston, Mr. Jacobs was active in a variety of positions at Citicorp over 17 years, culminating in his role as Division Executive of the Mortgage Finance Group. Mr. Jacobs holds a B.A. from Amherst College and an M.B.A. from the Wharton School of Business at the University of Pennsylvania.
Rubin, Howard Howard Rubin became a member of the Board of Fortress Investment Group LLC in February 2007. Mr. Rubin currently serves as a Portfolio Manager at Soros Fund Management, LLC. Mr. Rubin is a director of Deerfield Triarc Capital Corp. (member of Audit Committee). In addition, he previously served as a director of Global Signal, GateHouse Media, Inc. (member of Audit Committee) and Capstead Mortgage Corporation (head of the Audit Committee). He has over twenty years of experience trading mortgage-backed securities. From 1987 until 1999, Mr. Rubin was a Senior Managing Director at Bear Stearns, where he ran the Collateralized Mortgage Obligations desk. Mr. Rubin received a Masters of Business Administration from Harvard Business School and a B.S.E. in Chemical Engineering from Lafayette College.
Shibata, Takumi Takumi Shibata became a member of the Foard of Fortress Investment Group LLC in February 2007. Mr. Shibata is Deputy President and Chief Operating Officer of Nomura Holdings, Inc. and sits on Nomura’s Executive Board. Prior to his current position, Mr. Shibata headed a variety of businesses at Nomura, including: global asset management, during 2005 and 2009, global support functions, during 2004 and 2005, global wholesale business, during 2003 and 2004, global investment banking operations, during 2002 and 2003, and European business from 1997 through 2002. Mr. Shibata sits on the Japanese Government’s Business Accounting Council. Mr. Shibata has been Chairman of the Self Regulation Planning Committee of the Japan Securities Dealers Association, a Board Member of the International Primary Market Association (London), and a Board Member of the Securities Institute (London). Mr. Shibata holds a B.A. in economics from Keio University and an M.B.A. from Harvard Business School.

Basic Compensation

Name Fiscal Year Total
Edens, Wesley 227,390
Briger, Peter 227,390
Mudd, Daniel --
Novogratz, Michael 227,390
Bass, Daniel 3,650,480
Kauffman, Robert 371,782
Nardone, Randal 227,390
Brooks, David 2,834,860
Haass, Richard --
Jacobs, Douglas --
Rubin, Howard --
Shibata, Takumi --
As Of 30 Dec 2008

Insider Trading

Name Shares Traded Price
NOVOGRATZ MICHAEL E 838,575 $0.00
NARDONE RANDAL A 209,644 $0.00
KAUFFMAN ROBERT I 1,362,684 $0.00
NOVOGRATZ MICHAEL E 419,288 $0.00
NOVOGRATZ MICHAEL E 1,677,151 $0.00
EDENS WESLEY R 1,048,219 $0.00
NARDONE RANDAL A 209,644 $0.00
EDENS WESLEY R 943,397 $0.00
WELLDE GEORGE W JR 89,820 $0.00
HAASS RICHARD N 4,386 $3.42
BRIGER PETER L JR 720,000 $5.00
NOMURA INVESTMENT MANAGERS USA INC 5,400,000 $5.00
EDENS WESLEY R 720,000 $5.00
NARDONE RANDAL A 720,000 $5.00
NOVOGRATZ MICHAEL E 720,000 $5.00
KAUFFMAN ROBERT I 720,000 $5.00
HAASS RICHARD N 1,573 $9.54
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